Japan's finance ministry ageed to income tax cuts to combat a decade long recession in the 1990s but only if national sales taxes were increased several years later.
what would you expect to be the short run effect of the income tax cuts?
also, what would you expect the long run effects to be?
Why did the finance ministry require a later increase in sales taxes?
what was the finance ministry trying to prevent?
Chosen Answer:
it didn't help because they have the highest corporate tax of any nation, so the Corporations passed the cost to
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