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Muddle Reforms by Abe

 (Image source: Indiatimes)

Next April, Japan will increase sales taxes from 5 percent to 8 percent as an effort to attack the nation’s growing debt problem.  The rise in sales taxes will be coupled with a $50 billion stimulus package to alleviate some of the pressures on the economy as a whole. Basically the government is increasing taxes while simultaneously pumping money in the system to reduce the pain from the hikes. The result would just be a wash!

On the positive side, Abe is calling for corporate tax reform, which is expected to be decreased from 38.01 percent to 35.64 percent.