Japan may end tax-free shopping for tourists to curb fraud and boost state revenue, despite industry opposition.

Ishiba has expressed caution about reducing the consumption tax rate. He ruled out drawing up new economic measures "at this point," following the government's announcement last week of subsidies ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt ...

Nearly 70 percent of voters favor candidates and parties promoting a reduction in the consumption tax rate, but most of them say such politicians should clearly present alternative revenue sources ...

House Republicans introduced the FairTax Act of 2023 in January, and if it passes, a national consumption tax would replace the current tax system. Keep reading to find out how it would work and ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor.

Billed as the Epic Tax Debate, Tuesday’s forum will feature Mark Bonkiewicz speaking in support of the proposed consumption tax, and Nebraska Chamber of Commerce and Industry President Bryan ...

Eliminating income taxes might initially sound like it would put more money in Americans’ pockets, but the reality is more complicated. If Trump were to implement a national consumption tax to ...

As for how it could affect cities? A fiscal note regarding the measure says "municipalities could continue to tax anything sold for human consumption." But opponents have pointed to state law that ...