The Government of Japan has approved and submitted a JPY90.3 trillion budget for the next fiscal year, beginning on April 1, 2012. The proposed budget will be presented to the country’s parliament early in 2012. The Japanese government has
The government of Ireland announce an increase of its standard VAT rate from 21% to 23% from January 2012. This increase is an acceleration of plans to raise the VAT rate to 23% by 2014. The government’s main target is to reduce the GDP deficit
To reduce the country’s deficit next year and to preserve its AAA rating, the French government is considering the idea of increasing the value-added tax (VAT) in France to either 7% or 9% in certain targeted areas from prevailing 5.5% rate and at
