Japan hikes tax to tackle debt

  • 11 years ago
The Japanese will soon have to pay more in sales tax when they buy things as the government tries to reduce the country's runaway debt.

Prime Minister Shinzo Abe's cabinet agreed the VAT increase to eight percent from five percent. It will go up next April with a future hike taking it to 10 percent.

...
http://www.euronews.net/

Recommended