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Japan Tobacco Tax Could Triple Prices ($$) 

Jump to full article: The Wall Street Journal Interactive Edition, 2008-07-02
Author: Hiroko Tabuchi

Intro:

Japan, long known for its smoker-friendly policies, is debating a substantial tax increase that could bring Tokyo in line with the U.S. and Europe.

The ruling Liberal Democratic Party's annual tax commission is expected to review a proposal by key lawmakers that could more than triple the retail price of a pack of cigarettes to about $10.

The backers of the higher tax are looking at the additional revenue as a way to cut Japan's ballooning budget deficit without taking the deeply unpopular move of raising its consumption tax.

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