The proposed tax reform bill, which was submitted to the Diet in December 2010 (as reported in TNS:2011-01-11:JP-1; TNS:2011-01-11:JP-2; TNS:2011-01-11:JP-3; TNS:2011-01-11:JP-4; TNS:2011-01-11:JP-5) will have no prospect of being passed in its current form, given the political situation where the ruling Democratic Party of Japan (DPJ) dominates the lower house while the opposition p…