CHRONOLOGY

2014

Consumption Tax raised to 8 pct under MoF's 'Arrow Four' fiscal austerity scheme a sharp brake on Abenomics

 

GLOSSARY

shohizei

Consumption Tax a half-way house to EU VAT

EU style invoice tax audit trail resisted by SMEs cf shokozoku, tax policy

boomlet

small boom

1990s freak growth under PM Hashimoto killed by a Consumption Tax increase

chokkan hiritsu

direct/indirect tax ratio

had been tilted to direct tax and Consumption Tax a rebalancing cf tax policy

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