An alumnus entrepreneur of our MBA program, Kevin Pelissier, recently brought up an interesting idea about how taxation could be improved. Given that it’s April 15, it seems appropriate to briefly share two big themes that emerged from the conversation. 454 more words
Tags » Consumption Tax
Today (Apr 1) the consumption tax was raised in Japan from 5% to 8%. There is another rise planned for Oct 2015. Speaking about the rise today PM Abe stated: “This is needed in order to cover the social security expenses that are rising year by year. 306 more words
April 1 marks the beginning of the new fiscal year in Japan, and this year it also marks a big change for Japan: the consumption tax jumped from 5% to 8% starting at midnight. 273 more words
What should a country do when it has
- Massive accumulated debt and annual deficits predicted to grow indefinitely.
- A rapidly growing population of retirees heavily dependent on expensive entitlement programs such as Social Security and Medicare. 381 more words