Japan finally raises its consumption tax

Author: Kiyohito Hanai, Seijo University Japan’s consumption tax rate was raised to 5 per cent in 1997 and then to 8 per cent in 2014. In 2012, the then-ruling Democratic Party of Japan, the Liberal Democratic Party and Komeito pledged to implement a 10 per cent tax rate with the aim of financing welfare services […]

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