Shift to ability-to-pay taxation and cuts in wasteful spending will generate tax revenues of 19 trillion yen

The JCP has argued that it is possible to increase tax revenues by 19 trillion yen through cuts in wasteful expenditures and putting an end to preferential tax measures for large corporations and the ultrarich.

44% of workers would enjoy pay hikes with \10-trillion revenues from internal reserve tax

JCP is proposing that a 2% tax be levied for a limited duration of five years on large corporations' internal reserves. This temporary tax imposition will amount to an additional ten trillion yen in tax revenues necessary to increase workers' wages.

Consumption tax collects revenues of \476 trillion while high income and corporate tax revenues drop by \613 trillion

Tax revenues from the consumption tax increased and from the income and corporate taxes decreased. It looks as if the former tax rate was increased in order to cover the loss of revenues associated with the lowering of the latter tax rates.