The Japan Business Federation on Friday called for the ground to be laid for a consumption tax hike in around five years so revenues can cover social security outlays.
The tax reform proposal follows a pledge by the Democratic Party of Japan-led ruling coalition to refrain from raising the consumption tax over the next four years.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.