Japan, the world's second largest economy, is making a move to null all capital gains taxes on foreign investments. According to The Wall Street Journal, the Japanese government will soon submit their plan to kill the taxes to Parliament. Japan is hoping to implement this plan by April 1.The news of the proposed tax reforms has allegedly already boosted Tokyo's stocks. The Japanese government is hoping that once they do away with the taxes, more people will be encouraged to invest in their economy.
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