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Raising the Consumption Tax in Japan: Why, When, How?
Author/Editor: Kenneth Kang, Michael Keen, Mahmood Pradhan, Ruud A de Mooij
Release Date: © June, 2011
ISBN : 978-1-46390-288-9
Stock #: SDNEA2011013
Stock Status: On back-order
Languages and formats available
The note will make the case for a substantial increase in the VAT in Japan as a core measure of fiscal consolidation, assess its macroeconomic impact (on real activity and inflationary expectations), consider key elements in its design and implementation (dealing with the distributional consequences; ‘big-bang’ versus preannounced step increases); the importance of retaining a single rate and adopting compensating spending measures as needed) and a range of related issues (such as the pros and (likely even larger) cons of earmarking).
More publications in this series: Staff Discussion Notes