Voices
in
Japan

quote of the day

I don't think the public will accept the government raising the sales tax and cutting the corporate tax rate at the same time

8 Comments

Finance Minister Taro Aso (Reuters)

© Japan Today

©2020 GPlusMedia Inc.

8 Comments
Login to comment

The public shouldn't accept either. That the government is thinking doing both at the same time shows that they simply don't know what to do. The obvious solution to the problem, cutting government spending, is the only option they refuse to consider.

But Aso and his geriatric friends can retire to Hawaii soon, and leave those of us without the means to leave to pay the bills for their mismanagement.

-2 ( +1 / -3 )

Hey, Mr. Aso, they have accepted you as a politician, so anything is possible in Japan. :-(

1 ( +1 / -0 )

Yeah right, , but the govt. will go ahead with it anyway.

1 ( +1 / -0 )

Wtf? No. I won't accept this.

Companies want to have the rights of individuals, then they get treated like individuals, and they pay tax like individuals. End of story.

1 ( +2 / -1 )

Companies want to have the rights of individuals, then they get treated like individuals, and they pay tax like individuals. End of story.

The corporate tax rate in Japan is much more than the income tax or consumption tax. Since tax is the largest annual expense for most companies, it is the main reason that many are outsourcing. Don't forget that you yourself end up paying the corporate tax, as it is passed directly to consumers in the form of higher prices for goods and services.

I oppose the whole mess because it shows that they know that raising the consumption tax is bad for the economy, and are trying to offset the negative effect by easing the rate somewhere else. It means that they assume most people are stupid. But they are probably right.

-2 ( +2 / -4 )

Won't make any differen e what public think. it's not like they are about to start a "Chrysanthemum Revolution".

1 ( +1 / -0 )

I read somewhere that something like 50% of companies in Japan don't pay any tax as they submit all of their employees' personal expenses on restaurants and taxis and the like as coerporate expenses and so make no "profit". Anyway, who cares what the public think in Jpan. Last time they tried to exercise their democratic right to an elected government other than the entrenched elites of the LDP and Kasumigaseki, look what they got. a bunch of even more incomeptent and ridiculous clowns known as the DPJ.

1 ( +1 / -0 )

sangetsu03Sep. 18, 2013 - 09:13AM JST The corporate tax rate in Japan is much more than the income tax or consumption tax.

No it isn't. Try checking your facts. The top bracket of income tax (for people making over 18 million yen a year) if 40%. Company tax is 38.01%. At the moment the two are almost the same, which is pretty fair considering that companies are earning a LOT more than 18 million yen a year.

Now they want to make companies pay EVEN LESS than individuals? Get outta here.

Since tax is the largest annual expense for most companies, it is the main reason that many are outsourcing.

... this is such a gross over-generalization and displays such an ignorance of business models that I'm astounded.

Don't forget that you yourself end up paying the corporate tax, as it is passed directly to consumers in the form of higher prices for goods and services.

No, no, and again NO. Companies that automatically pass on costs take a risk, they take a chance that their competitors (domestic and international) will NOT do the same, and that consumers will choose the cheaper product.

... you clearly know nothing about business. Please refrain from commenting on this topic, because there's only so much idiocy I can deal with in one day, and your post managed to exceed it in the first paragraph.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites