Japanese Prime Minister Yoshihiko Noda's cabinet approved a bill Friday to double the nation's consumption tax by 2015 in a move that could put Noda's job in jeopardy, given the strong opposition to it among his own party members and the public, dpa reported. The bill would raise the current 5-per-cent sales tax in two stages: to 8 per cent in April 2014 and to 10 per cent in October 2015. The hike is an initiative by Noda aimed at whittling away at Japan's budget deficit - which, at nearly 200 per cent of its gross domestic product, is the largest in the world - and covering social security costs in ageing Japan. He was expected to have a hard time getting it passed in the Diet. It was also expected to bring him trouble within the ruling coalition.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor