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Wealthy people in Japan and India face tax increases

The governments of Japan and India are considering ways of making rich people pay more tax.

For the government in Tokyo it would help to address its fiscal position of having the largest public debt in the world.

Meanwhile, India wants to make very wealthy people pay more tax, especially those who inherit a family run business empire.

BBC correspondents Yogita Limaye in Mumbai and Rupert Wingfield-Hayes in Tokyo, explain the economic strategies behind the drive to increase taxes for rich people.

  • 23 Jan 2013