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Japanese consumption tax rate to double the motion was the House of Representati

June 26, doubling the consumption tax rate that the motion was submitted by Japan's ruling Democratic Party government, the Japanese House of Representatives passed the bill will be submitted to the Senate dominated by the opposition parties.

The same day, the plenary meeting of the Japanese House of Representatives has voted eight related bills, including raising the consumption tax rate, social security and tax system integrated reform bill. The vote on the motion, including the former Director-General of the Democratic Party, Ichiro Ozawa, former Prime Minister Hatoyama Yukio, including at least 55 House Democrats voted against it, but still 363 votes in favor, 96 votes against it passed. Analysts said the situation shows that within the Democratic Party this deeply divided.

In February of this year, the Japanese Government to formulate the increase in the consumption tax rate, social security and taxation system integration reform outline. Outline the main contents of the current 5% consumption tax in April 2014 and October 2015 to 8% and 10% excise tax used to pay all pensions, social security costs of medical expenses. March 30, the Japanese government at a cabinet meeting by raising the consumption tax rate of motion, and submitted to Parliament for consideration.

Japan's public debt burden is heavy, the national debt is about twice that of the gross domestic product (GDP). To reduce the debt burden, the Japanese Prime Minister Noda advocated raising the consumption tax rate. However, the bill failed to get the support of domestic public, according to the Japanese "Asahi Shimbun opinion poll in June, about 56 percent of the people against the bill, this proportion has increased 51% compared with the previous January.


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