Japan’s consumption tax increase disputed

The New York Times reports today on the proposed staggered increase of consumption tax, which is to be doubled to 10% by 2015. A sizable faction of the governing Democratic Party resigned in opposition to the tax increase, which leaves the Party with a minimal majority in parliament.

See http://www.nytimes.com/2012/07/03/world/asia/japanese-prime-minister-faces-setback-on-tax-increase.html?smid=pl-share for more.

July 2, 2012 · Filed under VAT news

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