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It is an unprecedented lobbying effort to change looming US Federal sales tax legislation.
TOKYO: Japanese Prime Minister Shinzo Abe (pic) said he was not considering raising the sales tax beyond 10% under his administration, and that he saw no such need for at least a decade.
TOKYO: Japan has removed one uncertainty looming over the stock market with the postponement of a sales tax, but analysts diverge on whether the decision signals a turnaround for the nation's shares.
Japan's economic growth in the July-September quarter next year will be a crucial factor determining whether the government proceeds with a second stage of sales tax increases in 2015, Prime Minister Shinzo Abe said on Friday.
TOKYO: The price of everything from beer and sushi to cars and dishwashers will rise across Japan from Tuesday as shoppers are greeted by the first sales tax rise in 17 years, prompting fears of a drop in consumer spending.
TOKYO: Japanese Prime Minister Shinzo Abe vowed to proceed with next year's scheduled sales tax hike "by all means" and take steps to ease an expected hit to consumption from the higher levy, the Nikkei newspaper reported on Tuesday.
SINGAPORE: Singapore said its sales tax will rise to 9% from 7%, but the change will only come “sometime” between 2021 and 2025, making it likely that the increase would kick in after the city-state’s next general election.