mean that the consumption tax
is imposed at the same rate on all
The latest report looks at the seven-month period (through October 2014) since the April consumption tax
hike, providing an analysis of the ongoing effect that the increase has had on certain consumer product segments, and offering valuable hints for retailers and marketers interested in the Japanese market.
He stressed that his basic policy was to raise the five percent consumption tax
to eight percent next year and then to 10 percent in 2015.
The government also raised the minimum lump-sum special consumption tax
on alcohol products.
Noting that the consumption tax
hike under deliberation at the House of Councillors is already "locked in," he said any hike in consumption tax
while maintaining the "ongoing complex and excessive taxes on autos, is unfair and discriminatory toward the car-owning public.
The imposition of a 15 per cent point of consumption tax
on gross profits is designed to level the playing field, with offshore gaming operators requiring a licence from the Gambling Commission to operate in Britain, although Hawkswood does not believe the measure, set to be effective from 2014, will lead to firms relocating.
that raising the consumption tax
gradually, not immediately, beyond 2015 to say 15 percent, would be more in line with the tax rate in other countries," he said.
If I may comment on that assumption, it's not that our party, for one, is opposed to a consumption tax
A national consumption tax
would impact accountants, businesses and taxpayers alike.
In comparison to the income tax, a consumption tax
would place a levy on money spent on goods and services.
2, has vowed to craft bills by the end of the year to realize a hike in the country's consumption tax
rate from the current 5 percent to 10 percent by the middle of the 2010s as part of a comprehensive reform of the tax and social security systems.
Treasury yields dropped overnight and Prime Minister Naoto Kan showed his readiness to raise the consumption tax
82 billion yen on a general account basis, amid higher individual income and consumption tax
receipts, the government said Thursday.
Specifically, the Committee considered the Fair Tax - a proposal to replace existing federal taxes with a national retail sales tax - and the Value-Added Tax (VAT), a type of consumption tax
used by many other countries as a supplement to other taxes, such as taxes on individual and corporate income.
China's state oil giants PetroChina and Sinopec have asked the government to cut fuel consumption tax
to reduce their refining losses, a report said.