What is a 'Tax Credit with Payment'?

It is a system that provides a tax credit based on income and pays (refunds) the remaining amount in cash, aiming to support employment of middle and low-income earners and reduce inequality.

Why is a 'Second Safety Net' necessary?

It is necessary to support non-regular workers and others who fall through the cracks of existing systems, such as employment insurance (first) and social assistance (third).

What are the keys to realizing the proposal?

The keys are phased payments to avoid creating a income cliff, utilizing public fund collection accounts and the Government Data Hub, and tax and social security reforms to secure funding.

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Tokyo Foundation Proposes Specific Institutional Design for the Introduction of a 'Refundable Tax Credit'

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The Tokyo Foundation for Policy Research released a policy proposal on April 10, detailing a 6-point institutional design for introducing a 'Refundable Tax Credit' to support low-to-middle income workers and fix the gap in the second safety net.

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Frequently Asked Questions

Q: What is a 'Tax Credit with Payment'?: A: It is a system that provides a tax credit based on income and pays (refunds) the remaining amount in cash, aiming to support employment of middle and low-income earners and reduce inequality.
Q: Why is a 'Second Safety Net' necessary?: A: It is necessary to support non-regular workers and others who fall through the cracks of existing systems, such as employment insurance (first) and social assistance (third).
Q: What are the keys to realizing the proposal?: A: The keys are phased payments to avoid creating a income cliff, utilizing public fund collection accounts and the Government Data Hub, and tax and social security reforms to secure funding.