Saying that the effective corporate tax rate fell to 29.74% in 2023 from 40.87% in 2003, JCP Lower House lawmaker Shiokawa stated that a correction in this preferential tax treatment for large corporations will enable lowering the consumption tax rate back to 5%.
JCP Secretariat Head Koike in his interpellation at the House of Councilors plenary session criticized PM Ishiba for prioritizing military expansion and support for big businesses in government spending.
JCP Executive Committee Chair Tamura in her interpellation at the Lower House plenary session stressed the need for the government to make a shift in all policies in order to overcome the current hardships related to people’s livelihoods, and proposed ways to secure necessary financial resources.
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