Asia/Pacific

JAPAN TO RAISE ENVIRONMENTAL TAX ON FUEL

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JAPAN TO RAISE ENVIRONMENTAL TAX ON FUEL

A Japanese government tax panel, headed by finance minister Yoshihiko Noda, has confirmed it will raise levies on fuels as part of its environmental tax policy. Tax on petroleum will increase by 37% to 2,800 yen ($33) per kiloliter in three stages through 2015 beginning in October. However, the pane...

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