( ) -q-17- UNDATED (Correspondent Jeremy House) “of the month.” Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures. [CutID: <Cuts> JAPAN-TAXES-house-q-MONam.mp3 Time: 17s Title: JAPAN-TAXES-house-q-MONam Out-cue: of the month] TAG: Correspondent Jeremy House reporting. Previously, Kishida had been considered reluctant to cut taxes because his government must find the […]
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Japan’s PM plans income tax cut for households and corporate tax breaks
( ) -q-17- UNDATED (Correspondent Jeremy House) “of the month.”
Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures.
[CutID: <Cuts> JAPAN-TAXES-house-q-MONam.mp3
Time: 17s
Title: JAPAN-TAXES-house-q-MONam
Out-cue: of the month]
TAG: Correspondent Jeremy House reporting. Previously, Kishida had been considered reluctant to cut taxes because his government must find the funds to double Japan’s defense budget within five years as planned while also trying to counter the impact of Japan’s low birth rate and rapidly declining population.
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VERBATIM: The measures include an income tax cut for households hit by inflation and tax breaks for companies to promote investment. The package is seen as a move to lift Kishida’s dwindling public support. The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.