Prime Minister Fumio Kishida says that a 40,000 yen ($266) tax cut per person will come next June, expressing hope that it will support Japanese households struggling to cope with waves of price hikes and slow wage growth.
The government is considering cutting income tax burdens by 40,000 yen ($268) a year while giving 70,000 yen to low-income and elderly households as part of inflation-relief measures, according to sources familiar with the plan
The government is considering cutting income tax burdens by 40,000 yen ($268) a year while giving 70,000 yen to low-income and elderly households as part of inflation-relief measures, according to sources familiar with the plan
Prime Minister Fumio Kishida asks senior ruling coalition executives to consider reducing income tax as a temporary measure to relieve households from the adverse effects of inflation, in his latest push for the redistribution of economic growth.
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