Govt not divided over how to finance consumption tax relief: Abe
Jiji Press -- Jan 13
Japanese Prime Minister Shinzo Abe on Wednesday denied that he and Finance Minister Taro Aso are divided over how to finance the planned lower consumption tax rate chiefly for foods.

"There's no contradiction at all" between their views, Abe told a House of Representatives Budget Committee meeting. "We'll study the matter closely both in terms of revenue and spending."

At Tuesday's meeting of the same Lower House committee, Abe said discussions will be held at the Council on Economic and Fiscal Policy on how to treat an increase in tax revenue beyond a government estimate. He thus suggested the possibility of using the surplus as a financial resource for the special lower rate to be implemented when the overall consumption tax rate rises from 8 pct to 10 pct in April 2017.

On the other hand, Aso told the same committee meeting Tuesday that a tax revenue surplus is not a permanent, stable financial resource.

News source: Jiji Press
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