29 Mar '11, 4am

The Japanese govt will consider tax hikes as an option to help cover the costs of disaster relief: Naoto Kan

The Japanese govt will consider tax hikes as an option to help cover the costs of disaster relief: Naoto Kan

Japanese Prime Minister Naoto Kan said he wouldn't rule out any options to cover the cost of disaster relief, including a tax hike or dropping plans to cut the country's corporate tax rate. -- PHOTO: AP TOKYO - JAPANESE Prime Minister Naoto Kan said he will not rule out any options to cover the cost of disaster relief after the devastating earthquake and tsunami, including a tax hike or shelving plans to cut the country's corporate tax rate. Mr Kan told parliament he did not at present have in mind the possibility of a tax rise to meet the costs of disaster relief, but signalled that it was among the options the government would consider. 'We need to pursue various possibilities,' Mr Kan told parliament on Tuesday. Mr Kan also signalled that the government may scrap a planned cut in the corporate tax rate as it reviews policy priorities in the wake of the devastating earth...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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