- Japanese Prime Minister Sanae Takaichi is considering pledging to suspend the sales tax on food for the upcoming general election.
- The proposal would eliminate the current 8% levy on food sales.
- The government and the Liberal Democratic Party will assess the market impact before making a decision.
- Suspending the tax could reduce government revenue by about 5 trillion yen ($30 billion) annually.
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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