Japan’s tax commission is set to introduce an environment tax to help the country curb its greenhouse gas emissions, the Tokyo-based Nikkei Business Daily reported according to AlertNet. The tax is expected to be implemented starting October 2011 and could boost the country’s revenue by up to 240 billion yen (USD2.9 billion)over four years, the newspaper said without naming sources. The daily added that tax payed by Japanese households will grow by more than 1,000 yen a year once the tax proposal is fully implemented.

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    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.