With 8% hurdle cleared, Aso eyes 10% sales tax

Business Oct 8, 2013

With 8% hurdle cleared, Aso eyes 10% sales tax

by Reiji Yoshida

Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent. Aso told reporters Tuesday the government ...

National Sep 21, 2013

Corporate tax cut agreement eludes

Prime Minister Shinzo Abe's top economic chiefs have failed to agree on a contentious corporate tax cut amid lingering skepticism that the move will bolster the deflation-mired economy and amid pressure on business leaders to raise wages. Abe, Finance Minister Taro Aso and economic and ...

Business Sep 10, 2013

Abe orders stimulus to avert tax hike hit

Prime Minister Shinzo Abe has instructed his ministers to draw up a stimulus package in case the planned consumption tax hike in April harms the economy, Finance Minister Taro Aso said Tuesday. Earlier in the day, Abe discussed the matter with Aso, economic and fiscal ...

Business / Economy Aug 25, 2013

Tax hike debate expected to heat up

Debate on how the planned sales tax hike will affect the economy is expected to heat up when a government panel begins gathering expert opinions Monday. A Kyodo News poll said Saturday that at least 10 of the 60 panel members surveyed favor proceeding with ...