Japan Consumption Tax Hike

  • Wiranya Sutthikun
  • Kongkait Sahayrak
  • Phornchai Weeranunthawet
  • Patcharawadee Kulbunya
  • Sirimon Saensuk
Keywords: consumption tax hike, tax system, tax rate, aging society

Abstract

      Japan government maintaining to raise consumption tax from 8% to 10% for the first time in five years. While Japan's economy has continued to recover moderately as a trend despite a decline in demand following the consumption tax hike, the virtuous cycle among production, income and spending has been continuing. This paper provides a critical review of Japan’s tax system and cites the reasons for the increased tax rates in the country.

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Published
2020-05-27
Section
บทความวิชาการ