Delayed defense tax hikes create ¥300 bil revenue shortfall

Why is that needed to double the defense budget.

Do not increase it by 300 billions and the problem is solved

If only for once Japanese cared about something, and stopped a minute to think how much money is that and how it could be used to improve people's life instead of purchasing war toys.

Why is that needed to double the defense budget.

Do not increase it by 300 billions and the problem is solved

Yes but then the vested interests wouldn't get paid so it is unlikely that the plan will be abandoned.

Under the government's goal of doubling Japan's defense budget to 2 percent or more of GDP over the five years through fiscal 2027, it decided to spend 43 trillion yen in defense-related spending during the period.

The government aims to secure a total of over 1 trillion yen by fiscal 2027 from the tax hikes to help fund the planned increase in the defense budget.

Bail this plan. The people are burdened enough as it is. They need to stop raising and raising taxes, pension and health insurance payments too. It's getting ridiculous.

Easy sorted. Watch America reset the game and retire the majority of the bureaucrat class under the DOGe banner.

Watch, learn, replicate. Something Japan has been very apt at doing in the past. It’s time.

As I have previously mentioned expect sales tax to increase to higher levels. European levels. Debt up! Defence spending up, pensioners up, work force still shrinking. Someone has to pay for it and it looks like us.

So who is the beneficiary here??

Not the tax Payers for sure, and certainly NOT Japan.

Only Japans Military Industrial Complex owned by the Elites and the Privileged, who are paying minimum taxes if any and are constantly spreading fear and beating the drums of war.

The timing for raising corporate, income, and tobacco taxes has yet to be decided. The government has only said they will come "at an appropriate time in fiscal 2024 or later."

Raise income taxes any more and dont expect to stay in office Mr Ishiba! No one will really care about tobacco taxes, and corporate tax increases will just piss off the zaibatsu, so you probably are better off just printing more money!

FYI there is only another 3 months in FY 2024.

Leave it to the Israelis Jews,they trying to meddle in Syria business,they will find the rebel marching into Jerusalem pretty soon

While people face worsening economic conditions the LDP wants to raise income tax ??!! Are they insane ?!

Vote these cretins OUT for goodness sake!!

It's pocket change compared with the overall deficit

Instead of spending funds on important and urgent national issues (raising inflation, demography, low births, increased life expectancy), the Japanese government keep buying billions of dollars worth of weapons made in USA. And then you wonder why US financial markets are on all time high with these conflicts incited by Washington (see Ukraine, Gaza, Lebanon), now moving to Asia by flaring up tensions with China.

who is japan going to fight with this equipment?

doesn’t stand a chance against china.

Stop wasting money in weapons, following pathetic whims of US..

Invest in your own people..

doesn’t stand a chance against china.

Even good old US can't stand a chance..

Overrated country..

FosDec. 8 10:26 pm JST

And then you wonder why US financial markets are on all time high with these conflicts incited by Washington (see Ukraine, Gaza, Lebanon), now moving to Asia by flaring up tensions with China.

Still 1% of gdp and Still Putin's War and Still China's Aggression in Asia.

8  07:40 pm JS

Raise income taxes any more and dont expect to stay in office Mr Ishiba! No one will really care about tobacco taxes, and corporate tax increases will just piss off the zaibatsu, so you probably are better off just printing more money!

FYI there is only another 3 months in FY 2024.

your right but that’s too obvious to the working salary men/women proletariat who will look at their take home pay and their bonus slips and actually visually and emotionally see it. You have to hide the tax increases so they don’t see or feel it immediately and they can pass it along to companies to A)The companies either increase on the price or B) just swallow that increase with a slightly reduced profit margin and NOT increase the price either way the government gets its money. But they will never directly increase the taxation at the pay packet. Remember when sales tax never existed in Japan and once the door opened it went up, and up and up. How many increases.

No more tax increases. There should be less tax not more.

CPowell

Still 1% of gdp

Says the authoritative investor. Not credible! Japan does not need warmongers

https://www.youtube.com/watch?v=FTeJWQMpX0E

In the first place, LDP politics who doubling military budget with abandoning citizen facing many difficulties such as expansion of poverty, price hike, shortage of medical resources, local town where massive disaster hit is reckless and inhumane.