Japan Mulls Hiking Income Tax for Defense From 2027, Asahi Says

Japan’s government and ruling parties are considering implementing a planned increase in income tax to fund defense spending from 2027, the Asahi newspaper reports, without attribution.

• Actual tax rate will remain unchanged for the time being, as a surtax for reconstruction efforts from the 2011 earthquake will be lowered by the same amount
• NOTE: The government last year proposed increasing income tax starting January 2027, but the Liberal Democratic Party and then-coalition partner Komeito later said the timing would be decided at a later date
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