Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Economy Sep 30, 2013
Tax hike counter-stimulus approaches ¥6 trillion
A stimulus package designed to buffer the economy from next year's consumption tax hike will be worth ¥6 trillion, officials say.
Business Sep 27, 2013
LDP readies measures to cushion tax hike
by Ayako Mie
The ruling coalition on Friday agreed on certain parts of a ¥5 trillion stimulus package being readied to ease the impact of the planned sales tax hike, including handouts of up to ¥15,000 for lower income households. The package will be unveiled Tuesday, when ...
Economy Sep 26, 2013
Abe team puts corporate tax on table
A pledge to start considering a cut in the effective corporate tax rate “as soon as possible” will likely be included in the upcoming economic stimulus package, administration officials said Thursday. A reduction in corporate tax could entice more foreign companies to operate in ...
Economy Sep 22, 2013
Abe to review plan to double sales tax to 10%
Prime Minister Shinzo Abe suggests he will re-examine the advisability of approving the second stage of the consumption tax hike to 10 percent in October 2015.
National Sep 21, 2013
Corporate tax cut agreement eludes
Prime Minister Shinzo Abe’s top economic chiefs have failed to agree on a contentious corporate tax cut amid lingering skepticism that the move will bolster the deflation-mired economy and amid pressure on business leaders to raise wages. Abe, Finance Minister Taro Aso and economic ...
Economy Sep 19, 2013
Government may end post-3/11 corporate tax surcharge
The government might end a special corporate tax surcharge levied to finance reconstruction work in areas hit by the March 2011 earthquake and tsunami a year earlier than planned, sources familiar with the matter said Thursday. The de facto cut of about 2 points ...
Economy Sep 17, 2013
Cabinet at odds over corporate tax
Cabinet members in charge of economic and fiscal policies remained at odds Tuesday over whether to cut the corporate tax rate to soften the negative impact of the consumption tax hike planned for next April. “Is it reasonable to cut the corporate tax rate ...
Economy Sep 13, 2013
Big business may get tax cut with stimulus
The administration is considering a reduction in corporate income taxes as part of a stimulus package to cushion the economy from the first of two planned increases in the consumption tax, according to three sources briefed on the matter. Prime Minister Shinzo Abe has ...
Economy Aug 15, 2013
Aso sees little benefit in cutting corporate tax
Finance Minister Taro Aso expressed reluctance Thursday to cut the effective corporate tax rate, brushing aside speculation that the administration may take the measure to cushion the negative impact of the planned hike in the consumption tax. “Even if we cut the corporate tax ...
Economy Jul 18, 2013
Tax panelist pushes for 5-point cut in corporate levy
The corporate tax rate should be reduced by at least 5 percentage points to compete with other Asian economies in attracting companies, a member of the government’s Tax Commission said. “Japan should house regional headquarters like Hong Kong or Singapore,” Eiji Tajika, 63, an ...