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01-04-2007, 07:49 PM
japantoday The government on Monday abolished the remaining half of the national income tax cuts introduced in 1999 to stimulate the faltering Japanese economy, leading to an effective tax hike for households amid slow income growth. According to estimates by the Finance Ministry, tax payments by a household with two children and annual income of 5 million yen will increase by about 18,000 yen a year as a result of the abolition of the national and local income tax cuts. Read details. (http://www.japantoday.com/jp/news/394940)