Previous Post: Spain cannot afford high rates for long, Rajoy says nbsp
Japan Lower House Votes To Double Consumption Tax
Fox Business – The lower house of Japan’s parliament on Tuesday voted in favor of a controversial bill to double the consumption tax rate to 10% by 2015, according to several media reports. The legislation was cleared with 363 votes in favor and 96 against in the chamber. However, the possibility of a split in the ruling Democratic Party of Japan remained, with Reuters citing national broadcaster NHK as reporting that 57 lawmakers from the party failed to back the bill. If 54 or more lawmakers from the DPJ leave after this vote, the party will lose its current majority in the lower house. Read article
Related posts:
Water bills to be means tested to help 2.4m who struggle to pay household bills
UK lawmakers urge action on medicine shortages
Coca-Cola 'not to blame for US obesity'
Anders Behring Breivik 'asked for Band-Aid when arrested'
Reading path to career in politics: Howard
NSW awards datacentre consolidation deal