PM Shinzo Abe is planning to announce to raise the consumption tax from 5% to 8% on October 1st.
Japanese consumption tax (VAT) is the worst system all over the world.
First of all, Japanese consumption tax has inverse function to tax on weak people. The smaller income people has, the heavier burden it tax on.
Secondly,Japanese consumption tax cools down the economy.
Third, Japanese consumption tax is thoroughly to treat big company well.
Fourth, Japanese consumption tax promoto the big company to downsize.
Fifth, Japanese consumption tax destroys the small business.
Sixth, Japanese consumption tax ihas defect to generate big unpaid tax and arrear.
Seventh, Japanese consumption tax is for war resouce.
Above are the reason why I insist that the Japanese consumption tax has seven deadly sins.