Japan considers new infrastructure tax to replace expiring gasoline surcharge ...Middle East

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The Asahi newspaper reported that this potential levy would likely target automobile drivers, substituting the so-called provisional gasoline tax that ruling and opposition parties agreed to terminate promptly.

Its elimination would result in an annual revenue loss of approximately one trillion yen from general tax collections.

Revenues generated from the proposed tax would be allocated to local governments responsible for most infrastructure maintenance expenses.

The Ministry of Finance has not provided immediate commentary regarding this reported development. – Reuters

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