Takatoshi Ito

Takatoshi Ito is an internationally renowned economist and expert on international finance, macroeconomics, and the Japanese economy. He served as a member of the Prime Minister’s Council on Economic and Fiscal Policy from 2006 to 2008. He also held senior positions in the Japanese Ministry of Finance and at the International Monetary Fund.  Ito also served as Dean of the University of Tokyo’s Graduate School of Public Policy for the past two years and as a professor at Japan’s National Graduate Institute for Policy Studies.

Property Tax Revenues

Property taxes cover the recurrent and non-recurrent taxes on the use, ownership, or transfer of property, and are raised at different levels of government. In the Asian context, local governments raise revenues from recurrent taxes on immovable property; whereas taxes on wealth, inheritance, and gifts are raised more heavily at the central or federal government level.