Prime Minister Taro Aso plans to make concessions on the government’s plan to hike the 5 percent sales tax in fiscal 2011, as opposition to fixing a date grows within his Liberal Democratic Party, sources in the LDP said Wednesday.
Aso plans to offer two ideas in an additional clause for insertion into a bill aimed at amending the tax system. One states that legislation and other steps will be taken by 2011 so the government can hike the tax if the economy recovers by then. The other states that the date for the tax hike will be stipulated in a separate law, the sources said.
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