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Friday, 04 February 2022 15:36

Japan has no plans to review sales tax rates, finance minister says

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 Japanese is not considering reviewing future national sales tax rates as the current 10% levy provides a vital source of funding the social security spending to support its ageing population, the finance minister said on Friday.

Shunichi Suzuki told reporters after a cabinet meeting that Japan must tackle spending and revenue reform to win market trust in its fiscal position, which he said was severe. (Reuters)

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