OECD recommends tax hike for post-quake Japan (AP) – 1088th Edition

ADDS LOCATION PHOTO TAKEN - Japanese policemen search for bodies in the area devastated by the March 11 earthquake and tsunami in Minamisoma, inside the 20-kilometer (12-mile) evacuation zone, in Fukushima Prefecture, northeastern Japan, Thursday, April 21, 2011. Japan declared the 20-kilometer (12-mile) area evacuated around its radiation-spewing nuclear power plant a no-go zone on Thursday, urging residents to abide by the order for their own safety or possibly face fines or detention. (AP Photo/Sergey Ponomarev)AP – The OECD is recommending that Japan as much as quadruple its sales tax rate to deal with a crushing deficit that’s bound to grow as it spends on reconstruction from last month’s earthquake and tsunami.

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