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Panel mulls consumption tax rebate.
(From The Yomiuri Shimbun/Daily Yomiuri)
Panel mulls consumption tax rebate
Yomiuri
The government's Tax Commission has unofficially decided to discuss the introduction of a system to pay back a portion of the consumption tax to low-income households when the tax rate is raised, government sources said Saturday.
The advisory panel to the prime minister made the decision after considering the regressive nature of consumption taxes--the lower a household's income, the heavier the consumption tax burden.
The commission plans to include the proposal in a report in June together with an opinion that the tax rate should be raised to a …
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