Search results
Results from the WOW.Com Content Network
The 5% is made up of a 4% national consumption tax and a 1% local consumption tax. [7] Shortly after the tax was introduced, Japan fell into recession, [8] which was blamed by some on the consumption tax increase, [9] and by others on the 1997 Asian financial crisis.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
The government of Japan's move to inch up consumption rates to 10% from 8% brings some of the country's ETFs in spotlight.
The IMF affirmed that Japan's nominal GDP contracted by $1.8 trillion during 2012–2015 while real GDP contracted at an annual rate of 6.8 percent [58] in the second quarter of 2014, after the Consumption Tax hike came into effect in April.
TOKYO (Reuters) -Japan's economy expanded by an annualised 0.9% over the July-September quarter, government data showed on Friday, slowing from the previous three months due to tepid capital ...
TOKYO (Reuters) -Japan's incoming prime minister Shigeru Ishiba stressed the need for the country's economy to "fully emerge from deflation" and vowed to take steps to boost wages, in a sign his ...
For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. [2] Tax revenue refers to compulsory transfers to the central government for public purposes.
Today most of the excise taxes in Japan are replaced by the consumption tax. The consumption tax rate is at 10% since 2019, however it is imposed on variety of products and there are exceptions in the rates for goods like alcohol, tobacco or fuel.