Business, Management and Accounting
8 years ago

Japan considers doubling consumption tax rate to boost revenue

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SSRN Electronic Journal
A Technological Approach to Reforming Japan's Consumption Tax
Richard Thompson Ainsworth

Paper Summary

The Japanese Consumption Tax might need to be increased to generate more revenue. Doubling the current rate from 5% to 10% is being considered, along with changing the tax structure to a credit-invoice VAT system like in Europe. However, these options are not popular politically.

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