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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Cabinet gets ball rolling on tax hike

Category : World News

Prime Minister Yoshihiko Noda’s Cabinet on Friday approved an outline of integrated social security and tax reforms to pave the way for raising the consumption tax, betting the administration’s fate on the unpopular levy hike aimed at warding off a looming fiscal crisis.
Noda’s Democratic Party of Japan will face huge political difficulty getting the related bills through the divided Diet. The DPJ has failed to win support from the opposition bloc led by the Liberal Democratic Party, which controls the Upper House.

Read more: Cabinet gets ball rolling on tax hike

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