Japanese business leaders seek consumption tax increase; corporate tax cuts to spur innovation

23 comments

1. You need to stop the culture of trying to keep everyone doing the same thing. Thinking outside the box is the problem.

2. Alternate headline – _Japanese Business leaders want to pay less tax. Demand that the cost of living be raised for regular people to fill the tax revenue deficit._

   Large Japanese companies have massive amounts of cash savings, and haven’t raised wages in any significant way for decades. If they want to ‘spur innovation’, how about they spend their own money instead of ours?

3. Absolutely not. Corporations have not increased wages adequately in decades which means they’re engaging in wage theft to begin with.

   Skimming anything they can off the top to make more.

   These capitalist monsters will not let benefits “trickle down”. They will take and consume. Nothing else.

4. So they want people to have less money to buy the products that they claim tax cuts are needed to innovate and develop, ignoring that development costs can largely be written off taxes already? Sure, that makes *perfect* sense..

5. What they should be asking for is to change the labor laws and make it easier to let people go. That money can go into innovation.

6. I get the feeling that the journalist who wrote this hates big business, because man, that is an amazing FUCK THEM of a headline

   Like if this was the Washington Post or something I am sure the headline would be written

   ‘Tax cuts help companies develop cutting edge technology keeping America at the forefront of development’ and then somewhere in like the 4th paragraph it says ‘sales rax up by an average of 1% in all states’ if mentioned at all

   Like the headline of this article is all the info I need to know……yeah………fuck them

7. Wow, the bourgeoisie trying to screw the working class. Why would they want to do such a terrible thing?

8. I’m old enough to remember when they first introduced this at 3%

   now its a straight-up tithe

9. The trickle-down economy myth finally translated into Japanese?

10. Wasn’t consumer tax raised like 4yrs ago for this same reason?

11. Oh for fuck’s sake

12. You know what’s funny?

    If they get what they want and raise the Tax – **They are just shooting themselves in the foot** while at the same time **pissing off just about everyone in the working class** – At the same time!!

    Wonder what they’ll do when no one want to work for them and most Young people just opt to leave Japan all together?

    What – Tax the Old? lmao

    Then they’d have to pay it themselves! – Since most of them ARE old.

13. Fuck that. Let’s implement a religious organization tax and also tax clerics’ salaries.

14. How about gfy Japanese businesses. If I pay more in consumption tax guess what, I consume less.

15. I think that I should pay less tax, and others should pay more tax.

16. Ok. Will wages be increased simultaneously to encourage and motivate the growth and innovation of the sectors in question?

17. There is a problem with lack of innovation in the Japanese business market, but no amount of wealth redistribution (upwards least of all) is going to affect that at all.

18. Yea cus this never ruined any other countries economy

19. > Increasing the consumption tax rate is a leading option to fund social security measures including those to tackle Japan’s declining birthrate, the country’s biggest business lobby said.

    So do we want to spur innovation or higher birthrates? Make up your mind, cause rising taxes for working class isn’t exactly how you get the working class to procreate. One of the leading causes of low birthrate in Japan is high cost of child-rearing, surely charging parents more is not counterproductive at all

20. Over my dead body. Never mind the corporate tax cuts but the consumption tax should be brought back down to 5%, or even better to 3%. Ideally all the way back to 0% where it used to be before April 1989 (well to be precise there was no consumption tax prior to 1989).

21. That’s going to make it harder to have kids.

22. I believe increasing taxes for companies can incentivize them to reduce their taxable income. As a result, they might choose to increase employee wages or invest in projects, rather than letting the government take a larger portion in taxes. These investments stimulate further consumption.
    Sadly, this perspective have been still overlooked in Japanese.

23. “The 73 year old CEO sent his opinions on innovation and spending by fax before going to a hostess bar in Ginza”