Japan’s consumption tax conundrum

It has been a matter of ‘will they’ or ‘won’t they’ for a number of years.

The Japanese legislature passed a motion, in June 2012, to raise consumption tax (GST) from 5 percent to 10 percent. Fast-forward to the present day, an 8 percent consumption tax was levied from April 2014 onwards, but the full 10 percent tax has yet to be realised. However, signs now point towards the remainder of the increase finally being implemented in October of this year.The tax increase has been delayed for a variety of reasons - in large part as a result of the legislative condit...

Sign in below or register now to read the full article

Authors: Dan Ginger

Published Date: 16 July 2019