1.
tax increase, tax hike, raising taxes
An increase in the rate or amount of taxes. Frequently discussed in political and economic contexts, especially regarding consumption tax increases in Japan.
また増税するらしい。
Apparently they're raising taxes again.
消費税の増税に反対する声が多い。
Many voices oppose the consumption tax increase.
政府は社会保障の財源を確保するために増税を検討している。
The government is considering a tax increase to secure funding for social security.
USAGE:
A politically charged word in Japan, where consumption tax (消費税) increases have been a major topic for decades. The tax has risen from 3% (1989) to 5% (1997) to 8% (2014) to 10% (2019). Discussion of further increases remains ongoing.
COMMON COLLOCATIONS:
- 消費税増税: consumption tax increase
- 増税反対: opposition to tax increases
- 増税延期: postponement of a tax increase
- 大幅な増税: large tax increase
SIMILAR WORDS:
The opposite is 減税 (tax cut/reduction).