VOL. XXXIV

NO. 21

25-FEBRUARY-1991

Oil Taxes

Japan Halves Proposed Increase in Oil Import Tariff

Japan's ruling Liberal Democratic Party (LDP) has decided to scale down byhalf its original proposal to double the current tariff on imports of crude oiland products with effect from 1 April 1991. The original proposal envisaged thedoubling of the import tax from Yen 2,040/kiloliter to 4,080/kiloliter,representing an increase of $2.48/B from $2.48/B to $4.96/B. However, it has nowbeen decided that the...