Karnidge 2 Posted December 30, 2011 Share Posted December 30, 2011 Inevitable I suppose and less than lots of places, but still.... If they delay this though where are they going to get all the rest of the goodies? Japan's ruling party, the Democratic Party of Japan (DPJ), has agreed to postpone a sales tax increase amid growing opposition against the move. A DPJ panel has agreed to delay raising the tax to 8% until April 2014, with a further increase due in October 2015. The 8% tax level was due to come into force by April 2013. Prime Minister Yoshihiko Noda has been seeking to double the sales tax from current 5% to improve the country's finances, amid growing debt levels. Japan, the world's third-largest economy, has the highest public debt to gdp ratio among the world's developed economies. Link to post Share on other sites
stemik 14 Posted December 30, 2011 Share Posted December 30, 2011 about time they raised it Link to post Share on other sites
window-cleaner 0 Posted December 30, 2011 Share Posted December 30, 2011 Why's that? Link to post Share on other sites
Chriselle 158 Posted December 30, 2011 Share Posted December 30, 2011 All of these old people should have been paying more than 3% from way back when. Zero foresight. I guess the government is getting some of it back with the huge inheritance tax. If I hear anyone over 60 complaining about a tax hike ..... I'll take their cane and whack him with it. Link to post Share on other sites
mina2 6 Posted December 30, 2011 Share Posted December 30, 2011 I think you're going to get tired of all that whacking, Chriselle! No doubt most people will expect companies to 'absorb' the extra tax and keep the total price the same, at least for a while. Link to post Share on other sites
pie-eater 207 Posted December 30, 2011 Share Posted December 30, 2011 I think you're going to get tired of all that whacking, Chriselle! There's one potential upside to that though.... he might beat the current World Champion! http://www.snowjapanforums.com/index.php/topic/21046-a-special-kind-of-world-champion/ Link to post Share on other sites
Go Native 70 Posted December 30, 2011 Share Posted December 30, 2011 23% of Japanese are currently over 65 and on current rates this is expected to grow to near 50% by 2050. With a declining population overall meaning less people in work paying tax and consuming there's going to be some very hard times ahead for Japan. Besides offering some major incentives to help stumulate a baby boom I don't see anyway out of their predicament other than opening up their gates to immigration. Link to post Share on other sites
pie-eater 207 Posted December 30, 2011 Share Posted December 30, 2011 Besides offering some major incentives to help stumulate a baby boom..... Seems we come back to this issue/problem once again http://www.snowjapanforums.com/index.php/topic/21046-a-special-kind-of-world-champion/ Link to post Share on other sites
Chriselle 158 Posted December 30, 2011 Share Posted December 30, 2011 That isn't going to happen GN...not ever. I'm going to be whacking 24/7. I just smacked my 85 year old MIL in the head as a matter of fact... Link to post Share on other sites
DumbStick 13 Posted August 28, 2013 Share Posted August 28, 2013 I thought it was decided that it would rise to 8% from April....not so? Link to post Share on other sites
r45 4 Posted August 28, 2013 Share Posted August 28, 2013 What I undersand....very likely, but looking at alternatives of 1% increase every year for five years, or delaying it. Link to post Share on other sites
pie-eater 207 Posted August 28, 2013 Share Posted August 28, 2013 The agreed plan is up to 8% in April 2013 and then up to 10% in October 2015. But depending on economic realities, they can change the plan. Abenomics in all It's/His wisdom will decide this autumn. In Abe(nomics), we trust. Link to post Share on other sites
peterson 0 Posted August 28, 2013 Share Posted August 28, 2013 +1% a year for 5 years would be a right pain in the arse. Link to post Share on other sites
snowbender 3 Posted August 28, 2013 Share Posted August 28, 2013 Not to mention, I don't want to pay more for 'stuff'. Link to post Share on other sites
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