- Japanese Prime Minister Shigeru Ishiba is not considering a sales tax hike during his three-year term
- He aims to fund social security programs without changing the current tax rate of 10%
- Ishiba wants to shore up support ahead of a general election on Oct. 27
- He is not considering reducing or raising the consumption tax at the moment
- Ishiba is also not considering a one-off tax cut like his predecessor made to help with inflation
- He believes the government needs to carefully consider revenue from consumption tax, corporate tax, and income tax before making any decisions on tax cuts.
Source: bnnbloomberg.ca
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.
