Jul 16, 2016

Government mulling online local tax payment system

Japan’s internal affairs ministry is considering a system that will allow companies to pay local taxes online across the country, informed sources said. Such a system will improve convenience for taxpayers and help reduce clerical work and costs at local governments and banks. The ...

Philadelphia levies tax tax on sugary and diet beverages

Jun 17, 2016

Philadelphia levies tax tax on sugary and diet beverages

Philadelphia became the first major American city with a soda tax on Thursday despite a multimillion-dollar campaign by the beverage industry to block it. The City Council gave final approval to a 1.5 cent-per-ounce tax on sugary and diet beverages. The tax is set ...

Jan 17, 2016

Hometown donations surge, especially after natural disasters

More people are remitting cash to municipalities where they do not live, such as their childhood homes in the countryside, using the tax-deductible furusato nozei (hometown donation) program. Spikes are seen whenever a natural disaster strikes, and the surge in giving has led some ...

Dec 29, 2015

Japan to tax profits on bond sales from Jan. 1

From Jan. 1, Japan will tax profits on bond sales and allow investors to cut their tax payments by offsetting gains and losses in bond trading with those in equity transactions. The bond sales tax is set at 20.315 percent, the same as the ...