The Archive · 1939

Japan to Pay Extra Tax Totalling Y.200,000,000

Tokyo, Jan. 28.

Moving to meet a huge extroordinry military budget required by the conflict in China, the Finance Ministry today adopted steps designed to bring in ¥.200,000,000 "increase in revenue from taxation. The ex-(traordinary military appropriations ill is expected to be introduced in the Diet in February.

High grade textiles, coffee, tea, cocoa, toilet soap, tooth paste, toys, cledtrical appliances, and. fruit will bbe subject to a commodity tax, together with furs, private motor cats and rice wine. Expensive dinners at restaurants. will algo be subject to a levy.

According to the Finance Ministry's programme, the ¥.200,000,000 will be obtained by means of an extraordin= ary profit tax, expected to yield '¥.80,000,000; a ievy'on dividends of Dusiness corporations, amounting 10 '¥.8000,000; 2 commodity. tax. bringing in ¥.3¢,000000: a bond and de-Venture interest tax producing Y1- yi 'a. soft. drink tox

lax totalling ¥.2,000,000; " building taxes aggregating to ¥-2,000.000; and.

stamp tax amounting to ¥:1,000,000.

Text read from the printed page and cleaned; old type leaves the occasional error.

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