Business

Tax revenues see 10.9% rise

Tax revenues rose 10.9 percent in June from a year earlier to 2.047 trillion yen for the fifth straight monthly increase, due to the widening economic recovery, the Finance Ministry said Monday.

Corporate tax revenues climbed 7.8 percent from a year earlier to 246.96 billion yen, mirroring rising corporate profits on the back of the recovery, the ministry said.

Liquor tax revenues were up 5.8 percent to 146.64 billion yen, spurred by brisk sales of beer in April, it said. Income tax revenues rose 6.7 percent to 986.83 billion yen. Tobacco tax revenues rose 1.1 percent to 72.03 billion yen.

Cumulative tax revenues since the April 1 start of fiscal 2004 stood at 2.867 trillion yen, up 12.2 percent from a year earlier.

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