THE NEWZ Vol.14 English Ver.
11/16

people in my business school who utilize this system effectively in their businesses.Secondly, there are certain allowances for families according to the number of dependent children, starting with one and increasing up to a monthly allowance of 220,000 forints (about 95,000 yen) for three children.Finally, Hungary is particularly supportive of mothers, with women who have or have raised four or more children being completely exempt from personal income tax for life, and mothers under the age of 30 also benefit from a reduction of a monthly maximum taxable amount.These mechanisms themselves seem to fit well with the trend within the EU countries to have children without getting married and to redress the disparity in wages and promotions between genders.In addition, Hungary's consumption tax rate, 27%, recorded the highest among EU countries where the average rate is 21%. This is levied on basically all consumption, including food and services. However,there are a number of reduced rates.For example, for certain foods and open-air music events it’s 15%, 5% on books, hotel accommodations, restaurants, and Internet services. The high consumption tax rate seems to be one of the reasons people in Hungary are complaining about the high cost of living.and the country's historical background. I believe that dealing with the declining birthrate, aging population, and tight fiscal situation in Japan is an ongoing process that will take a long time to complete, but I feel that there are innovative ideas hidden in the success stories and systems of other countries that will change the past norm, even if it is with pain. Thank you for taking the time to read.ConclusionI have lived my life knowing only Japanese social security and tax laws, so it is very meaningful to think that the economies of countries around the world operate with different ways of approaching these issues. In countries like Japan, where the culture of respect for elders is clearly expressed in language and behavior, such systems are conceptually created, etc. I realize that prioritizing segments will change depending on religion 10

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