ID :
45940
Mon, 02/16/2009 - 22:20
Auther :
Shortlink :
https://oananews.org//node/45940
The shortlink copeid
Keidanren calls for consumption tax hike to 17% by fiscal 2025+
TOKYO, Feb. 16 Kyodo - Japan's most powerful business lobby, the Japan Business Federation, called Monday for an increase in the nation's consumption tax from the current 5 percent to about 17 percent by fiscal 2025 to help finance social security costs.
Through the tax hike, the business lobby better known as Nippon Keidanren said
the government should make the basic pension financed entirely from tax
revenues and enhance social security services in such areas as medical and
nursing care, as well as child-rearing.
Nippon Keidanren said the tax increase should be implemented in two stages --
to about 10 percent by fiscal 2015 and to about 17 percent by fiscal 2025.
In the first stage, Keidanren recommended that the government raise the state
share of contributions to the basic pension from the current about one-third to
two-thirds. The share is planned to be hiked to a half in fiscal 2009 starting
April 1.
To enhance measures to address the nation's declining birthrate and other
social security issues as well, the consumption tax should be raised to around
10 percent by fiscal 2015, Keidanren said.
In the second stage, Keidanren recommended that the government abolish the
current social security fee system to finance the basic pension entirely by tax
revenues by fiscal 2025. By bolstering social security services in the areas of
elderly citizens' medical and nursing care, the consumption tax should be
raised by another 7 percent or so to around 17 percent, it said.
All the social security costs that companies currently shoulder should be
returned to employees when they become unnecessary through the shift to the tax
revenue system to finance pension funds, Keidanren said.
As for measures to support child-rearing, Keidanren called for the government
to implement an urgent measure worth about 1 trillion yen to set up child-care
centers which are in short supply. Around 1 million children are estimated to
be waiting for vacancies at such facilities.
==Kyodo
2009-02-16 22:28:36
Through the tax hike, the business lobby better known as Nippon Keidanren said
the government should make the basic pension financed entirely from tax
revenues and enhance social security services in such areas as medical and
nursing care, as well as child-rearing.
Nippon Keidanren said the tax increase should be implemented in two stages --
to about 10 percent by fiscal 2015 and to about 17 percent by fiscal 2025.
In the first stage, Keidanren recommended that the government raise the state
share of contributions to the basic pension from the current about one-third to
two-thirds. The share is planned to be hiked to a half in fiscal 2009 starting
April 1.
To enhance measures to address the nation's declining birthrate and other
social security issues as well, the consumption tax should be raised to around
10 percent by fiscal 2015, Keidanren said.
In the second stage, Keidanren recommended that the government abolish the
current social security fee system to finance the basic pension entirely by tax
revenues by fiscal 2025. By bolstering social security services in the areas of
elderly citizens' medical and nursing care, the consumption tax should be
raised by another 7 percent or so to around 17 percent, it said.
All the social security costs that companies currently shoulder should be
returned to employees when they become unnecessary through the shift to the tax
revenue system to finance pension funds, Keidanren said.
As for measures to support child-rearing, Keidanren called for the government
to implement an urgent measure worth about 1 trillion yen to set up child-care
centers which are in short supply. Around 1 million children are estimated to
be waiting for vacancies at such facilities.
==Kyodo
2009-02-16 22:28:36
