Arts & Culture 
 Business 
 Environment 
 Government 
 Health 
 Human Rights 
 Military 
 Philosophy 
 Science 
 U.S. Asian Policy 


Home > East Asia > 

LDP to cut taxes by 2 trillion yen (photo)
AFAR
12/13/2002



 Related Articles
Acts Upon a Stage (Part 4)
Acts Upon a Stage (Part 3)
Taiwan's Culture of Food
China's Climate Change Strategy
Tempting Tempeh
Hong Kong's Biggest Rights Violation Since 1997
The EU's Approach toward Relations with Tokyo and Beijing
The Anti-Seditious Speech Debate and Media Law Reform
The View from Tokyo: Melting Ice and Building Bridges
The Japanese Identity
 
Japan's ruling Liberal Democratic Party (LDP) showed its approval of a tax reform plan for fiscal 2003 that would cut taxes by some 2 trillion yen. Under this plan, businesses would experience tax cuts while tobacco and liquor industries would pay higher taxes. New Komeito and the New Conservative Party (NCP), the LDP's coalition partners, have agreed to this tax reform plan, which will be finalized Friday. However, the NCP oppose raising taxes on products that the public enjoys, and have worked to scale down the tax hike from the initial proposal. The tax hikes for the tobacco and liquor industries will be levied beginning May 1 and July 1, respectively.

© Copyright 2002-2007 AFAR