Consumption Tax News
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Japan’s swelling bond sales risk pushing the world’s most indebted nation to a “trigger” point where capital inflows reverse and bond yields rise, former Deputy Bank of Japan Governor Toshiro Muto said.
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Standard and Poor’s affirmed Japan’s sovereign-debt rating at AA- while maintaining a negative outlook and warning that a downgrade is likely if medium-term growth prospects weaken.
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Republican presidential candidate Mitt Romney is preparing to release a more detailed plan to overhaul the tax code soon, said a person who attended a policy roundtable event with Romney in Washington yesterday.
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Kazuo Hirai, charged with halting Sony Corp.’s downward spiral, could be excused for asking: Do I really want this job?
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Japanese Prime Minister Yoshihiko Noda says doubling the consumption tax is a necessary remedy to address soaring debt and social welfare costs. His opponents don’t disagree; they’re just not going to let him do it.
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Nampak Ltd., a South African packaging company, plans to double earnings from businesses elsewhere on the continent to 16 percent of the total this fiscal year, Chief Executive Officer Andrew Marshall said.
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Japanese Prime Minister Yoshihiko Noda’s proposal to double the country’s consumption tax by 2015 faces growing public skepticism as the main opposition party ramps up its call for elections over the issue.
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Prime Minister Yoshihiko Noda said containing Japan’s public debt load, the world’s largest, is critical after Standard & Poor’s downgraded credit ratings on France, Austria and seven other European nations.
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Turkey raised the tax it levies on alcoholic drinks, tobacco products, mobile phones and cars through a special consumption tax.
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Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet today to boost negotiations with the opposition over raising the national sales tax, as polls show rising discontent with his four-month-old administration.
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