VAT news tagged as "Fiscal"

Japan

Japan slumps following Consumption Tax rise

August 13th, 2014

The Japanese economy underwent a 6.8% drop in the second quarter of 2014 following the Consumption Tax rise from 5% to 8% on 1 April. ┬áThis drop wiped out the 6.1% growth in the first quarter of the year – much of which was created by advance purchasing by consumers ahead of the long-planned sales …