Jun 10, 2017

Japan's tax revenue headed for first fall in seven years

General-account tax revenue is expected to show its first drop in seven years when the government’s results for fiscal 2016 are released, dealing another blow to Prime Minister Shinzo Abe’s sputtering economic policies, sources said. Since returning to the prime ministership in late 2012, ...

Government 'needs a good shutdown,' frustrated Trump tweets

/ May 3, 2017

Government 'needs a good shutdown,' frustrated Trump tweets

President Donald Trump tweeted Tuesday that the U.S. government “needs a good shutdown” this fall to fix a “mess” in the Senate, signaling his displeasure with a bill to keep operations running. But Republican leaders and Trump also praised the stopgap measure as a ...

/ Apr 30, 2017

Global tax war feared as Trump considers massive cuts

U.S. President Donald Trump’s plans to slash corporate taxes in the U.S. have sparked concerns of a new global fiscal race to the bottom, possibly involving a wave of negative social consequences, experts say. In what Trump’s economic adviser Gary Cohn described as “the ...

/ Dec 17, 2016

Japan mulls raising tax grants to local governments

The government is considering raising the amount of tax grants to local governments for the first time in seven years in fiscal 2017 starting next April, informed sources said. The central government plans to boost the amount of grants by nearly ¥300 billion from ...