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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