When will the much discussed elimination of consumption tax on groceries actually take effect? Where will the government find the money to fund it? And how will the related political discussions proceed?
These are just some of the questions being raised as Prime Minister Sanae Takaichi embarks on a rocky road to eliminate the 8% consumption tax on food goods for two years 〞 a campaign pledge she made ahead of the Lower House election on Feb. 8.
In a news conference late Wednesday, Takaichi said discussions on a consumption tax cut and a refundable tax credit will move forward in tandem. She called on opposition parties to participate in a nonpartisan panel to hammer out the details.
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