As Japan nears summer elections, debate over the consumption tax grows, with opposition pushing cuts to ease pressure on households and the government defending it amid rising debt. https://www.japantimes.co.jp/editorials/2025/05/16/the-consumption-tax-debate/?utm_medium=Social&utm_source=mastodon #editorials #consumptiontax #ldp #cdp #dpp #komeito #shigeruishida #upperhouseelection

Debate on Japan's consumption tax is set to dominate the upcoming Upper House election in July. https://www.japantimes.co.jp/news/2025/05/13/japan/politics/consumption-tax/?utm_medium=Social&utm_source=mastodon #japan #politics #consumptiontax #taxes #ldp #japaneseeconomy #shigeruishiba #hiroshimoriyama #cdp #dpp #komeito

Whether to lower the consumption tax rate will be a campaign issue in this summer's upper house election, key members of the ruling Liberal Democratic Party and the main opposition have said. https://www.japantimes.co.jp/news/2025/05/12/japan/politics/japan-consumption-tax-cut-election-issue/?utm_medium=Social&utm_source=mastodon #japan #politics #ldp #cdp #2025upperhouseelection #taxes #consumptiontax

Even though lowering the consumption tax in Japan might encourage people to spend more, some economists argue it it wouldn't be very effective. https://www.japantimes.co.jp/business/2025/05/08/economy/consumption-tax-cut/?utm_medium=Social&utm_source=mastodon #business #economy #consumptiontax #taxes #ldp #japaneseeconomy #tariffs

https://www.alojapan.com/1268430/economists-debate-consumption-tax-cut-as-japanese-politicians-warm-to-the-idea/ Economists debate consumption-tax cut as Japanese politicians warm to the idea #ConsumptionTax #Japan #JapanNews #Japanese #JapaneseEconomy #JapaneseNews #LDP #news #tariffs #taxes Cutting the consumption tax is gaining ground in Japan as a possible way to counter the effects of U.S. tariffs, although a debate is still raging as to whether such a policy, long seen as a taboo, would actually do much to help households or the economy in general…

Japan's main opposition party is doing an about-face to endorse eliminating the consumption tax on food products, compounding the tension growing within the ruling parties to announce tax-cutting pledges. https://www.japantimes.co.jp/news/2025/04/28/japan/politics/consumption-tax/?utm_medium=Social&utm_source=mastodon #japan #politics #ldp #cdp #komeito #taxes #consumptiontax #diet #japaneseeconomy #yoshihikonoda

A league of lawmakers within the Liberal Democratic Party and one in the Constitutional Democratic Party of Japan are each planning to propose lowering the consumption tax on food products from the current 8% to 0%. https://www.japantimes.co.jp/news/2025/04/18/japan/politics/ldp-cdp-consumption-tax-on-food/?utm_medium=Social&utm_source=mastodon #japan #politics #ldp #cdp #komeito #nipponishinnokai #dpp #tax #consumptiontax

The question of lowering the consumption tax on food items to help consumers hit hard by rising prices has led to public spats within the Constitutional Democratic Party of Japan and concern over a possible breakup. https://www.japantimes.co.jp/news/2025/04/17/japan/politics/cdp-consumption-tax/?utm_medium=Social&utm_source=mastodon #japan #politics #kenjieda #yukioedano #ichiroozawa #yoshihikonoda #cdp #consumptiontax #taxes

https://www.alojapan.com/1247347/trumps-tariffs-japans-biggest-challenge-and-opportunity/ Trump’s Tariffs: Japan’s Biggest Challenge — and Opportunity ##visitjapanjp #agriculture #Consumption #ConsumptionTax #DanielManning #DonaldTrump #economy #EnergySecurity #Japan #JapanNews #news #Politics&Security #tariffs #TaxCuts #trade With Donald Trump back in the White House, sweeping tariffs have once again taken center stage in US trade policy. A blanket 10% tariff on all imports — rising to 24% for Japan — initially si…

Prime Minister Shigeru Ishiba has set up a task force to oversee trade negotiations with the United States, headed by his close aide Ryosei Akazawa. https://www.japantimes.co.jp/business/2025/04/11/economy/taskforce-tariff-impacts/?utm_medium=Social&utm_source=mastodon #business #economy #shigeruishiba #us #tariffs #consumptiontax #taxes #japaneseeconomy #food #ldp #komeito

Like people keep saying on here the #tarriffs are just a huge tax on lower class which currently has 90 percent of the tax burden. VS the #rich. #Project2025 elites want to do away with other tax types and do a #consumptionTax which obviously wouldn't affect corporations and would make them more profitable. #Everything is going to go up BECAUSE WE IMPORT EVERYTHING #toiletpaper will be unavailable again. Donald #Trump doesn't care about YOU.

Calls are growing in Japan to reduce the consumption tax in order to protect the Japanese economy from so-called reciprocal tariffs enacted by the U.S. https://www.japantimes.co.jp/news/2025/04/06/japan/politics/consumption-tax-cut/?utm_medium=Social&utm_source=mastodon #japan #politics #consumptiontax #taxes

The Tokyo Regional Taxation Bureau has seized some ¥1.8 billion in back taxes, including penalties, on a Hong Kong-based game company for failing to pay consumption tax associated with revenue from in-game spending. https://www.japantimes.co.jp/news/2025/02/18/japan/hong-kong-game-back-taxes/?utm_medium=Social&utm_source=mastodon #japan #hongkong #consumptiontax #taxes

@danwentzel I think so too.

• Similar to how the #US introduced #IncomeTax to not rely only on #ConsumptionTax for income, so can a mandatory percentage-of-income #healthcare system work.

Cuz I'm shure someone like Bezos and Musk can afford the 17,6% premium that everyone else with any income has to pay in return for not loosing coverage even if they debase and unhinge themselves so hard they'll go broke, have to #TouchGrass and fold cardboard boxes for a living.

• It also pays for paid sick leave, ambulance rides, prescription meds and doctors' appointments.

Not to mention I'd see this as a sort-of "peace offer":

• #AffordableHealthcare and execs will be offered clemency in the form of being stripped off their assets and sentenced to #CommunityService so they can undo the harm caused with real hands-on actions!

Cuz some humility would really fit them...

The government and ruling parties have decided to overhaul the country's consumption tax exemption system for foreign visitors to prevent them from reselling duty-free goods in Japan. https://www.japantimes.co.jp/news/2024/11/28/japan/tax-exemption-system-overhaul/?utm_medium=Social&utm_source=mastodon #japan #tourism #taxes #consumptiontax

Japan is considering revising the consumption tax exemption system for visitors from abroad to prevent goods bought tax-free from being resold within the country. https://www.japantimes.co.jp/news/2024/08/13/japan/visitors-tax-exemption/ #japan #tourism #consumptiontax #taxes

Taxes on consumption do less damage than income taxes
https://archive.is/20231229003641/https://www.wsj.com/articles/glenn-youngkin-income-tax-sales-tax-virginia-2078d93c
"taxes on consumption do less damage than income taxes. A 2022 Congressional Budget Office study reaffirmed that a broad excise tax is a smaller drag on growth than an income tax that raises the same amount of revenue."
#tax #economics #consumptionTax
ht Cyril Morong

Prime Minister Fumio Kishida’s administration is preparing for a new economic stimulus package. So why are ruling party lawmakers calling for tax cuts? https://www.japantimes.co.jp/business/2023/10/12/economy/ldp-tax-reduction/?utm_content=buffer6ac3a&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #economy #ldp #fumiokishida #japaneseeconomy #taxes #consumptiontax

Japan's annual tax revenue likely hit a record high for the third straight year in fiscal 2022 and may have reached the ¥70 trillion ($500 billion) mark for the first time. https://www.japantimes.co.jp/news/2023/06/01/national/fiscal-2022-tax-revenue-record/?utm_content=bufferc28ca&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #japan #taxes #consumptiontax