6 November 2001, 10:22  Shiokawa - Govt should offer inheritance tax breaks for securities

TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said he believes the government should offer special concessions on inheritance tax to individuals who inherit securities such as equities and government bonds. "I think the current taxable value of inherited securities such as stocks and government bonds is too high" relative to real estate, Shiokawa told a parliamentary Lower House economic and fiscal policy committee. "We should view securities such as stocks and government bonds as assets to be inherited so I think it will be one option that the government offer substantial special treatment for those who receive these assets," he said.

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