Tokyo - The Japan Automobile Manufacturers and Dealers Associations (JAMA and JADA respectively) have welcomed the Japanese government's abolition of the automobile acquisition tax to coincide with a rise in consumption tax to 10% provisionally scheduled for October 2015. But they are disappointed that elimination of the automobile tonnage tax has been postponed.
The JAMA and JADA chairmen said in a joint statement: â€œOur industry has, over many years, regularly requested the Japanese government to abolish the automobile acquisition tax and the automobile tonnage tax â€¦ not only in the interest of vehicle users, but also to help avert any adverse impact on the Japanese economy and employment that might accompany a scheduled increase in the national consumption tax, and to secure greater fairness in Japan's tax system.
â€œThe automobile industry intends to do everything within its capability to contribute to Japan's economic recovery.
â€œWe â€¦ call upon the government to ensure that more extensive reform of Japan's auto-related tax regime is provided for in its Comprehensive Reform of the Tax System initiative for fiscal 2014.â€
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