Monday, October 14, 2013

The Japanese new tax policy



This week, I read about new policy against the tax in The Japan Times.
Shinzo Abe, the Japanese Prime Minister, mentioned the only thing we can do for the revivals of the economy and the restoration of the exchequer is only to increase of the consumption tax. However, there is a bad possibility that the higher tax will cause the decrease of the approval rating toward “Abenomics.”
The increase of the consumption tax will start in April 2014. Many Japanese people think that it is inevitable to hike the tax because Japan has enormous arrears. In my opinion, it is okay to the increase the tax but before that, increasing the tobacco and liquor taxes should be given preference over the others. That is because both of them, especially tobacco, have the extremely dreadful effects on people’s health. Among the developed countries, Japan does not have high taxed on tobacco. If the tax increased, Japanese people can be healthier, the environment can be cleaner and the debt of Japan can be improved.
I have two questions to you. Are you for or against the tax hike? Why? What do you think about the new policy? Will it be the cause of a fall in the approval rating of government? 



 

No comments:

Post a Comment