Japan to Consider Several Tax Increases
Categories: Taxation in Japan
To curb falls in investor confidence and possible national credit ratings downgrades, the Japanese Government will begin discussion on the feasibility of increasing several tax rates, including income, corporate and consumption taxes.
Speaking at a press conference on February 13th, Naoto Kan, Finance Minister and Deputy Prime Minister of Japan, stated that he will be initiating [...]
To curb falls in investor confidence and possible national credit ratings downgrades, the Japanese Government will begin discussion on the feasibility of increasing several tax rates, including income, corporate and consumption taxes. Speaking at a press conference on February 13th, Naoto Kan, Finance Minister and Deputy Prime Minister of Japan, stated that he will be initiating a “full-fledged debate” on taxes in March, and hopes to have a concise tax reform plan completed by June. During the conference indications were given that income ... Read More
