Sep 9, 2015

Abe pledges 2016 corporate tax cut as investment stays sluggish

Prime Minister Shinzo Abe pledged to follow through with a corporate tax cut, a day after government data underscored businesses’ reluctance to ramp up domestic investment. In a message read out at a Bank of America Merrill Lynch event in Tokyo on Wednesday, Abe ...

Mar 31, 2015

Diet passes tax system revisions for fiscal 2015

The Diet on Tuesday approved legislation for tax system revisions for fiscal 2015, including postponement of the next consumption tax hike. Prime Minister Shinzo Abe announced late last year he was putting off the planned tax hike to 10 percent until April 2017, a ...

Feb 18, 2015

Diet ready to take up tax reform legislation for fiscal 2015

Tax reform legislation for fiscal 2015 that would cut the corporate tax rate and formalize the delay in hiking the consumption tax has made it to the Diet, with the Abe administration looking for quick approval. The Cabinet approved the proposed legislation Tuesday. It ...

Feb 2, 2015

Obama ties foreign profits tax to public works

President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one ...