IMF proposes to Japan "consumption tax rate stepwise increase" February 11 8:28
IMF = International Monetary Fund issues latest report analyzing Japan's economic situation, raises consumption tax rate to 15% by 2030, and levy on wealthy assets to halt fiscal deterioration due to aging We proposed the introduction of the system again.
The IMF released a new report on October 10 that analyzes Japan's economic situation and future challenges.
In this context, the IMF has stated that long-term risks to the Japanese economy include aging and declining birthrates, which could lead to a 40% decline in GDP = Gross Domestic Product 40 years later.
In addition, in order to cope with fiscal deterioration caused by the increase in social security expenditures, in addition to reducing expenditures, the consumption tax rate will be gradually increased from the current 10% to 15% by 2030 and gradually to 20% by 2050. And that it is necessary to introduce a new tax system for wealthy assets.
The IMF also called on the Japanese side to increase the consumption tax rate when the top Managing Director Georgieva arrived in Japan last November.
The IMF, on the other hand, expects the economic growth rate of Japan to grow 0.7%, lower than the previous year, but it is closely watching the impact of the spread of the new coronavirus on the Japanese economy in the future. You.