LDP Begins Mulling 2027 Income Tax Hike to Fund Defense Spending
Tomas Kauer - News Writer and Moderator 
Tokyo, Dec. 5 (Jiji Press)--Japan's ruling Liberal Democratic Party on Friday began discussions aimed at increasing the income tax rate in 2027 as part of efforts to secure financial resources for a hike in the country's defense spending. The tax hike plan was included in the fiscal 2023 tax system reform outline, but the start date had not yet been set. The ruling party determined that secu...
