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Taxes

World news about “Taxes” published by euronews.

01/04 14:40 CET

Japan raises sales tax for first time in 17 years to cut debt

Japan raises sales tax for first time in 17 years to cut debt

Japanese companies are braced for a slump in spending as the government has put up sales tax from five to eight percent. It is the first increase in 17 years and is part of moves to reduce Japan's massive public debt. VAT is due to rise further to 10 percent from October next…


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