- Prime Minister Sanae Takaichi denied plans to raise Japan’s consumption tax above the current 10%.
- She confirmed there are no considerations for a further tax hike.
- After a planned two-year tax cut to zero for food products, the government will shift to a refundable tax credit system.
- The necessity of the consumption tax is acknowledged by the prime minister.
Source: nippon.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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