- Japan’s ruling Liberal Democratic Party and Komeito are considering asking the government to reduce consumption tax
- Focus is on reducing tax specifically on food
- This measure is in response to rising prices and US tariffs
- Information reported by Yomiuri
Source: news.bloombergtax.com
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.
