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Economy

Japan to overhaul auto taxes as industry transforms

New system would set fees on mileage, not volume

Vehicle ownership is expected to decrease in Japan as car-sharing gains popularity, a trend that would reduce tax revenue under the current system.

TOKYO -- Japan is revamping its automotive tax system as soon as fiscal 2020 to impose levies based on mileage, as revolutions in green and sharing technologies squeeze revenue under the current framework.

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