LDP Begins Discussions on Consumption Tax Cut Plan
Tokyo, Aug. 25 (Jiji Press)--The tax panel of Japan's ruling Liberal Democratic Party held an informal executive meeting on Tuesday to begin discussions on details of a planned two-year cut in the consumption tax rate on food starting in April. On Aug. 5, the government adopted a plan to lower the consumption tax rate on food from 8 pct to 1 pct. Middle- and low-income earners will receive ...
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