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Consumption Tax Likely to Increse by 2009

7, 18. 2006

Economic and Fiscal Policy Minister Kaoru Yosano said the current consumption tax rate of 5% may be raised in 2008 or 2009. He made the remarks in the TV program broadcast on July 16. Yosano said the ruling Liberal Democratic Party’s Tax Research Commission will begin discussing the issue at the end of 2006 and the conclusion will be made a year later. This is the first remark by the Economics Minister on this issue.

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