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Japan plans tax hikes to fund defense spending, aiming for 2% of GDP by 2027.
Japan plans to raise corporate taxes by 4% in April 2026 and income taxes by 1% starting January 2027 to fund a significant increase in defense spending, aiming for 2% of GDP.
The country seeks to collect an additional 1 trillion yen annually through these tax hikes and incremental increases in tobacco taxes from April 2026.
The five-year defense budget totals 43 trillion yen, a move that has sparked domestic and international concern.
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Japón planea aumentos de impuestos para financiar el gasto en defensa, con el objetivo de alcanzar el 2% del PIB para 2027.