Dec 18, 2014

Tax break eyed on size-based levy in exchange for pay hikes

The government and the ruling coalition are thinking of limiting the expansion of a size-based tax for companies that raise wages, informed sources say. Under the deal, the government would let companies that raise wages by at least 3 percent from fiscal 2012 levels ...

Dec 17, 2014

Obama signs $1.1 trillion spending bill into law

With little fanfare to mark a rare bipartisan achievement, President Barack Obama on Tuesday signed a massive, $1.1 trillion spending bill that keeps the federal government operating over the next nine months. The legislation was a compromise that angered liberals and conservatives alike but ...

Dec 17, 2014

U.S. Congress extends dozens of tax breaks

The U.S. Senate approved a sweeping package of tax breaks Tuesday, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes. On the Senate’s final day of the year, lawmakers passed some 55 ...

Dec 12, 2014

White House swings behind huge $1.1T spending bill

The Obama White House and House Republicans joined forces Thursday in a furious attempt to pass a $1.1 trillion U.S. government-wide spending bill over clamorous protests from Democrats objecting that it would roll back bank regulations imposed in the wake of the economic near-meltdown ...

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 ...