CHRONOLOGY

1953 FILP Budgets as 'government expenditure without taxation' launch a co-ordinated infrastructure reconstruction

 

GLOSSARY

kazei to bear taxation as kazei shotoku taxable income, bunri kazei separately assessed tax
PAYE Pay As You Earn taxation income tax paid out of wages or more commonly out of monthly salary
FILP Fiscal Investment and Loans Programme zaito FILP Budgets from 1953 expenditure without taxation cf Kishi, Manchuria II Plan
kotei shisanzei fixed asset tax property taxation holding burden is very low but transaction burden is very high

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