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Japan executives, unions demand lower auto taxes

Japan executives, unions demand lower auto taxes

Unions, auto dealers and the heads of major Japanese automakers are demanding that the government do away with what they say are exorbitant taxes on cars that are threatening to hollow out manufacturing and wipe out jobs.
Toyota President Akio Toyoda, Nissan's Toshiyuki Shiga, Honda's Takanobu Ito and other executives are Monday handing in a petition signed by more than 4 million people, demanding special taxation on auto ownership be wiped out.
They were joined by representatives from unions and dealers in a rare joining of forces as this nation's auto industry faces a crisis because of the March tsunami disaster, a surging yen and stagnant sales.
They warned the industry could be destroyed if things don't change.


Updated : 2021-04-15 09:44 GMT+08:00