The Japanese election topic of a zero percent tax on food products became world news. Political parties promised to reduce the consumption tax rate from 8 to zero percent on food products during the next two years, or even permanently. Keeping the rate on meat products at 8 percent is not yet considered as an option, but this tax policy is recommended by many international organizations.Political parties want to reduce increased costs for living but investors and others are concerned about the impact on Japanese state debt, already very high compared to other rich countries. This could harm…READ FULL ARTICLE
