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  • LDP agrees to 2 trillion yen tax cuts, more vice taxes

    12/12/2002 7:50:26 PM PST · by altair · 17 replies · 94+ views
    The Japan Times Online ^ | 13-December 2002 | No byline
    LDP agrees to 2 trillion yen tax cuts, more vice taxes The ruling Liberal Democratic Party agreed in principle Thursday on a tax reform plan for fiscal 2003 that features some 2 trillion yen in tax cuts mainly for companies and higher taxes on tobacco and some liquors.Earlier in the day, the LDP's coalition partners -- New Komeito and the New Conservative Party -- gave the greenlight for tax hikes on tobacco and liquor.The ruling triumvirate is expected to finalize the tax reform plan Friday, said Sohei Miyashita, a senior member of the LDP's powerful Tax System Research Commission."We want...