Finance Minister: Large-Scale Tax Cuts “Inappropriate” Despite Record Tax Revenue

policy

Finance Minister Katsunobu Kato states that record tax revenue in fiscal 2025 doesn’t justify large-scale tax cuts.

1Flea market ★.Dec. 27, 2024 (Fri) 14:15:21.00ID:zCiL9faq9
At a press conference on the 27th, Finance Minister Katsunobu Kato said in regards to the fact that the general account tax revenue forecast for the fiscal 2025 budget proposal is the highest ever, “It is not appropriate to think that large-scale tax cuts can be achieved solely through increased tax revenue.” The proposed budget projects tax revenue of 78.44 trillion yen, and some opposition parties and people on social networking sites are calling for tax cuts. Kato cited the issuance of new government bonds worth more than 28 trillion yen in revenue in the proposed fiscal 2013 budget as a reason why large-scale tax cuts are inappropriate. In its outline of tax reform for fiscal 2013, the government clearly stated that the “1.03 million yen annual income threshold” at which income tax is triggered will be raised to 1.23 million yen. The Democratic Party for the People is calling for a further increase, aiming for 1.78 million yen. December 27, 2024 12:16 Kyodo News.

大規模減税「適当でない」 財務相、税収最高見通しで
加藤勝信財務相は27日の記者会見で2025年度予算案の一般会計の税収見通しが過去最高となったことに関し「税収増だけで大規模な減税ができるという見方は適当ではない」と述べた。予算案で税収は78兆440 ...
91Anonymous Donburako.Dec. 27, 2024 (Fri) 14:50:40.63ID:ps69TLcr0
>>1
It’s you guys who are inappropriate.
The Ministry of Finance should be dismantled in accordance with democracy.
3Anonymous Donburako.Dec. 27, 2024 (Fri) 14:15:57.62ID:Rr/WtFQr0
Do it! Blue-collar workers are a burden to Japan, borderline intelligent netouyos who are far more patriotic than Japanese people. On the 25th, Foreign Minister Takeshi Iwaya announced that visas for Chinese tourists would be extended to a maximum of 30 days, and that a new 10-year visa would be created for the wealthy.
5Anonymous Donburako.Dec. 27, 2024 (Fri) 14:17:29.97ID:raAMn5gA0
This guy has been completely incompetent ever since his time as Minister of Health, Labour and Welfare.
6Anonymous Donburako.Dec. 27, 2024 (Fri) 14:17:39.57ID:JxC94Hiz0
All they have to do is hide it, right?
And that’s what the lawmakers said, and the judiciary gave the OK, right?
In other words, they just have to hide it and not report it.
12Anonymous Donburako.Dec. 27, 2024 (Fri) 14:19:41.04ID:p16w1gXS0
>>6
It would be interesting if people who get caught for tax evasion like this were to sue the government in the future.
7Anonymous Donburako.Dec. 27, 2024 (Fri) 14:18:11.66ID:Tvn4Eyfq0
Despite tax revenues hitting new highs every year due to a rush of price hikes, the Ministry of Finance is planning to increase taxes rather than cut them.
8Anonymous Donburako.Dec. 27, 2024 (Fri) 14:18:16.14ID:cX8sjOpX0
If tax revenue is at its highest, shouldn’t we cut taxes?
47Security Guard [lv.6] [Sprout].Dec. 27, 2024 (Fri) 14:35:14.36ID:omPfkAOI0
>>8
That seems logical lol.
9Anonymous Donburako.Dec. 27, 2024 (Fri) 14:18:17.40ID:rWmGGckt0
If the Ministry of Finance cuts taxes, the rank of amakudari will be lowered^^;.
13Anonymous Donburako.Dec. 27, 2024 (Fri) 14:20:14.57ID:f7ehHTq40
The government and Liberal Democratic Party can no longer even speak Japanese.
15Anonymous Donburako.Dec. 27, 2024 (Fri) 14:21:16.72ID:rWmGGckt0
These guys have never even given a small tax cut, have they? LOL.
16Anonymous Donburako.Dec. 27, 2024 (Fri) 14:21:31.14ID:5cImcFOu0
Well, it’s not that he’s incompetent, it’s that he’s harmful…
17Anonymous Donburako.Dec. 27, 2024 (Fri) 14:21:39.61ID:bj8LmMRB0
“We have no intention of taking responsibility as a party!!”
Enough with this farce
Get out of here, LDP
The LDP is considering donating a certain amount of money as a political settlement to the slush fund issue, but at today’s general affairs meeting, General Affairs Chairman Suzuki revealed that attendees had raised objections, saying that “it would be difficult for the public to understand.”
18Anonymous Donburako.Dec. 27, 2024 (Fri) 14:22:02.67ID:Q3xc8/DN0
For these guys, the quickest way to get promoted is to raise taxes, so anyone who talks about lowering taxes will be demoted.
19Anonymous Donburako.Dec. 27, 2024 (Fri) 14:22:12.04ID:Koqt1R5B0
As expected from the Liberal Tax Increase Party.
20Anonymous Donburako.Dec. 27, 2024 (Fri) 14:22:17.52ID:5h0f/S1T0
Stop making excuses, you idiot. If the economy recovers, tax revenues will increase without tax increases.
21Anonymous Donburako.Dec. 27, 2024 (Fri) 14:22:35.94ID:Pi/TOnMn0
With the trend of rising wages, the next step will be a consumption tax of 20%.
22Anonymous Donburako.Dec. 27, 2024 (Fri) 14:22:47.62ID:A++ZpJ780
From being better than the Constitutional Democratic Party to being on the same level as the Constitutional Democratic Party.
23Anonymous Donburako.Dec. 27, 2024 (Fri) 14:23:13.96ID:Eu6Iavwh0
That’s the belief, so it doesn’t matter what the reality is.
24Anonymous Donburako.Dec. 27, 2024 (Fri) 14:23:24.39ID:a37ZAj/+0
If we cut taxes we lose. Ministry of Finance. Japan’s poor economy is all their fault.
25Anonymous Donburako.Dec. 27, 2024 (Fri) 14:24:53.91ID:lgyHIrXJ0
This is a country that criticizes Tanuma and praises Yoshimune, and economic reform through austerity has never been successful in history.
44Anonymous Donburako.Dec. 27, 2024 (Fri) 14:32:55.69ID:Koqt1R5B0
>>25
The textbooks are written to make it seem like rich people are bad
But they may have been revised recently.
26Anonymous Donburako.Dec. 27, 2024 (Fri) 14:24:56.78ID:tkRz62bT0
LDP and Ministry of Finance: “Tax cuts are not in our dictionary.”
27Anonymous Donburako.Dec. 27, 2024 (Fri) 14:27:32.94ID:HX/VdqFz0
Because it will increase your take home pay.
28Anonymous Donburako.Dec. 27, 2024 (Fri) 14:27:38.35ID:5h0f/S1T0
Even though my income hasn’t increased, the amount of money taken from me keeps increasing every year. This means that the amount of money that is lost from the private sector is renewed every year. That’s not going to improve the economy.
30Anonymous Donburako.Dec. 27, 2024 (Fri) 14:28:56.63ID:MQ36Ekoc0
Stop giving away money.
31Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:01.06ID:7uFeJWH20
Double taxes for people over 60.
32Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:02.33ID:B7vqAY+X0
Citizens → (heavy tax) → Country → (payment) → China.
33Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:12.46ID:pLE/c16+0
Minister of Finance Kato Katsunobu is also a graduate of the liberal arts department of the University of Tokyo.
34Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:37.12ID:mCc5w4VK0
I will keep quiet about religious corporations.
35Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:48.16ID:qz8R4P+m0
I don’t understand the definition of tax relief. There’s no point in doing that. If you don’t have enough money, shouldn’t you just earn it?
You really think so, don’t you, LDP?
36Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:53.69ID:xz43rqY50
They’ve been issuing a lot of government bonds, so there’s not enough.
37Anonymous Donburako.Dec. 27, 2024 (Fri) 14:29:59.64ID:a37ZAj/+0
If taxes are cut, people won’t be able to get promoted. Their own advancement is more important than Japan’s economy. The Ministry of Finance is a stupid bunch of idiots.
43Anonymous Donburako.Dec. 27, 2024 (Fri) 14:32:14.86ID:5h0f/S1T0
>>37
I’m wondering, don’t they think about what will happen to them after they kill Japanese people and destroy the country?
I don’t think they’ll get away with it.
38Anonymous Donburako.Dec. 27, 2024 (Fri) 14:30:41.09ID:0lx57KKb0
If he refuses to redistribute wealth, he should quit politics.
40Anonymous Donburako.Dec. 27, 2024 (Fri) 14:31:33.27ID:ULYqW1n/0
Kato can’t sleep without thinking about Miyazawa.
41Anonymous Donburako.Dec. 27, 2024 (Fri) 14:31:41.22ID:7i1faBNG0
The criminal bureaucrats are the enemy of the people.
45Anonymous Donburako.Dec. 27, 2024 (Fri) 14:33:18.76ID:urFocpVu0
This year’s tax revenue forecast is 73 trillion yen, and with the 5 trillion yen Kishida tax cut it’s 78 trillion yen.
In other words, they’re making the tax revenue estimate for next year the same as this year, which is very strict.
And it’s not a budget to achieve a primary balance with international expenses and newly issued government bonds being the same amount.
Taking into account the increase in tax revenue due to inflation, tax cuts are quite possible.
59Anonymous Donburako.Dec. 27, 2024 (Fri) 14:39:30.74ID:Ji2Hocpk0
We can’t afford to cut taxes in order to collect and distribute it.
67Anonymous Donburako.Dec. 27, 2024 (Fri) 14:43:04.24ID:y5QaX1Ef0
Don’t be ridiculous, the national burden rate will exceed 60%.
78Anonymous Donburako.Dec. 27, 2024 (Fri) 14:47:14.34ID:1ascUjoa0
It costs money to maintain your post, so keep quiet, lower class folk.
87Anonymous Donburako.Dec. 27, 2024 (Fri) 14:49:06.23ID:V+zgUZXb0
It’s amazing that he thinks he can win the election with this. He’s so cocky.
Reference: https://asahi.5ch.net/test/read.cgi/newsplus/1735276521/

Other languages: 大規模減税「適当でない」財務相、税収最高見通しで, Recorte fiscal a gran escala ”no apropiado”: el ministro de Finanzas predice mayores ingresos fiscales.

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