newYou can now listen to Fox News articles!
In Japan, tax revenue from liquor sales has been sluggish as the coronavirus pandemic has impacted the restaurant and nightlife industry, prompting a new trend called “Sake Viva!” in Japan that seeks to boost consumption among young people. Contest has started.
“The purpose of this announcement is to revitalize the industry,” Japan’s National Tax Agency said when announcing the plan.
Entrants between the ages of 20 and 39 are encouraged to submit a business plan to promote the sale of alcohol to young people prior to the competition in November.
According to The Japan Times, tax revenue from alcohol plummeted by about $800 million in 2020.
Research suggests that even moderate amounts of drinking can shrink the brain
A National Tax Agency official said, “Since working from home has progressed to some extent due to the effects of the new coronavirus infection, many people may be wondering whether they should continue the habit of drinking with colleagues to deepen communication.” said. Newspaper earlier this month.
“If the ‘new normal’ takes hold, it will create further headwinds for tax revenue.”
CLICK HERE TO GET THE FOX NEWS APP
The tax authorities also blamed the country’s “low birth rate and aging population” for the decline in alcohol sales.