A Japanese government estimate has shown that the proportion of household income spent on taxes and social insurance premiums for Japanese child-rearing households with annual incomes below average is higher than in the United States, Britain, Germany and France.This data is referenced in ongoing discussions between the government and cross-party lawmakers about introducing a refundable tax credit system for the first time in Japan, which would combine tax deductions and direct cash benefits to ease the burden on low- and middle-income households struggling with rising living costs.The gove…READ FULL ARTICLE
