Why Japan Needs a Year to Change a Tax Rate (and the US Needs an Afternoon)
Japan's PM Takaichi wants to scrap food consumption tax for two years—but POS vendors say the register overhaul takes a year. Why does changing a number take so long? We compare Japan's tangled POS systems with the US, where a tax change takes an afternoon. The twist: America's speed is a side effect of its chaotic tax code.