Categories · Business (Tobacco)
· Tax
non-USA, by Country · Japan
Organizations · JTI
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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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