Final decision on tax cut left to PM Takaichi: LDP exec

The final decision on whether to reduce Japan’s consumption tax rate on food to 0% or 1% will be left to Prime Minister Sanae Takaichi, an executive of her ruling Liberal Democratic Party suggested on Sunday.“We’re pursuing a zero percent tax rate, but the issue will ultimately require a political decision,” LDP policy chief Takayuki Kobayashi said on a television program.Since adjusting cash register systems for a 1% tax rate would take less time than for zero percent, implementing 1% next April is gaining support within the government and ruling parties.
Information from The Japan Times. Edited by: Noticias Today.
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