Japan should rely primarily on raising the sales tax to generate extra revenue, and may need to raise this tax to as high as 26 percent to achieve a large primary surplus, the OECD said on Monday.
Japanese Prime Minister Shinzo Abe has promised decisive measures to support GDP growth in the face of international trade tensions, political risks, and a possible slowdown in business activity at home. Source:...
It is widely believed the raise the consumption tax from 8% to 10% as of 1st October 2019 could be delayed as a result of the current political uncertainty in the country.
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