Bloomberg News

News Express: Japan Moves to Double Sales Tax

March 30, 2012

Japan moves to double the country's sales tax to 10%. Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Hong Kong's largest property developer Sun Hung Kai, have been arrested in a corruption probe. A Foxconn audit has found serious violations of labor laws. Bloomberg’s Susan Li reports. (Source: Bloomberg)

Running Time: 02:44


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