Japan's tax reform amid falling revenues

As Japan’s tax revenues fall for the first time in eight years, the Japanese government has been advised to raise its consumption tax to 15% and put off plans to cut corporation tax, say global tax writers

For the Japanese government – and potentially for taxpayers in Japan too – the news that tax revenues have fallen for the first time since 2009 was not what they wanted to hear.

No government wants to see tax revenues fall if it can help it but for Japan, the consequences of a downturn in tax revenue could be particularly grave.

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