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Government Said To Be Weighing One-Time Tax Cut

JAPAN
  • Headlines crossing from Nikkei on Reuters:
    • Japan weighs one-time $260 tax cut to ease inflation's pain
    • Japanese govt & liberal democratic party considering one-time tax reduction of 40,000 yen per person as part of economic stimulus package
    • Japanese taxpayers and their dependents would each qualify for cut under this proposal
    • Japanese govt also looking to provide 70,000 yen in cash assistance to low-income households that are exempt from municipal taxes
    • Overall, the tax cut and cash assistance are expected to cost around 5 trillion yen – Nikkei – (Reuters News)

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