IMF report: More revenues could be raised by unifying and raising consumption tax rate

In addition to policies to contain health and long-term care costs, measures are required to increase government revenues. More tax revenues could be raised by unifying and raising the consumption tax standard rate; increasing corporate taxation; strengthening property taxation by removing the preferential treatment of residential land; reviewing allowances and deductions for personal income taxation; raising the capital income tax rate; and increasing the social security premiums.

Source: regfollower.com

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