China's central bank jumps on growth-boosting bandwagon

Nov 22, 2014

China's central bank jumps on growth-boosting bandwagon

China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. On top of the rate cut, Chinese authorities ...

Firms overwhelmingly want Abe to delay sales tax hike, poll shows

Nov 13, 2014

Firms overwhelmingly want Abe to delay sales tax hike, poll shows

Companies overwhelmingly want Prime Minister Shinzo Abe to delay or scrap the consumption tax increase planned for next October, a Reuters poll shows, highlighting concerns the hike could derail a fragile recovery. As expectations grow that Abe will soon announce he is putting off ...

Oct 29, 2014

Movie company fined for failing to report ¥1 billion in income

Tax authorities say Sedic International Inc., a film production firm known for its Oscar winner “Okuribito” (“Departures”), failed to declare about ¥1 billion in income in the five years to August 2012. The Tokyo Regional Taxation Bureau levied about ¥400 million in back taxes, ...

Oct 27, 2014

Thousands of Hungarians protest Internet traffic tax

Thousands of Hungarians protested in Budapest on Sunday against a planned new tax on Internet data transfers, which they said would not only increase the tax burden but would also curb fundamental democratic rights and freedoms. Prime Minister Viktor Orban’s government, which has been ...