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Tax Bureau chief Sato to become vice minister of finance

  • June 2, 2016
  • , Nikkei , p. 5
  • Translation

Finance Minister Taro Aso finalized on June 1 a plan to appoint Tax Bureau Director General Shinichi Sato, 59, as the replacement for Vice Minister of Finance Kazuho Tanaka, 60. Sato’s appointment will likely be announced this month after it is approved in a meeting at the Prime Minister’s Office [Kantei]. This will be the first time in 35 years since 1981 for a Tax Bureau chief to be promoted to the post of vice minister.

 

In light of Prime Minister Shinzo Abe’s decision to postpone the planned consumption tax hike in April 2017, the Finance Ministry will speed up the work of drawing up a second supplementary budget for the 2016 fiscal year and a tax system under the new leadership. Sato has served in the Tax Bureau for a long time and he was involved in efforts to reduce the effective corporate tax rate and formulate reduced consumption tax rates.

 

Shinichi Sato joined the Ministry of Finance after graduating from the Faculty of Economics at the University of Tokyo in 1980. After serving as deputy vice minister, he assumed the post of director general of the Tax Bureau in 2014. He was born in Osaka and is 59 years old.

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