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Plan's early introduction seems unlikely//The Daily Yomiur.

Yomiuri Shimbun/Daily Yomiuri

| March 02, 2000 | COPYRIGHT 1999 Yomiuri Shimbun. (Hide copyright information)Copyright

Plan's early introduction seems unlikely Yomiuri Now that the Tokyo metropolitan government's "bank tax" plan looks to be in the bag, the government and ruling coalition parties have moved to introduce a nationwide standard corporate tax formula that covers all sectors of the nation's industry--an issue that has been pending for years. However, with a House of Representatives general election to be held this year and the House of Councillors election scheduled for next year, many ruling party members are worried about the proposed tax formula's impact on their election chances or its effects on the economy. In addition, many problems remain, including figuring out the specifics of tax rates and how to impose the tax. Strong leadership from Prime Minister Keizo Obuchi is now needed to get the new tax …

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