OECD chief sees Japan's zero consumption tax plan as costly
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Source: The Japan Times
Published: 2026-05-13 16:39 UTC+10:00
Section: BUSINESS
Factuality Score: 95
Opinion Category: Neutral
Topics: Politics, Business, Asia, Economy & Finance, Tax & Budget, Food & Agriculture, Business & Economy, Asia Pacific
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Snippet:
Mathias Cormann, secretary-general of the OECD, has expressed concern over the government's plan to temporarily lower the consumption tax on food items to zero, calling it not cost-effective.
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