'Yes we can!' president faces twilight of maybes

Dec 28, 2014

'Yes we can!' president faces twilight of maybes

It was supposed to be a joke. “Are you still president?” comedian Stephen Colbert asked Barack Obama earlier this month. But the question seemed to speak to growing weariness with the president and skepticism that anything will change in Washington during his final two ...

Dec 27, 2014

Ruling camps to exempt renewable energy-related funds from gift tax

The ruling coalition is in final discussions on eliminating the gift tax on money given by parents and grandparents to their children or grandchildren for purchases of solar panels and other renewable energy equipment, informed sources said Saturday. With the ceiling set at ¥5 ...

Dec 4, 2014

Britain slaps new 25% 'Google tax' on multinationals

The British government on Wednesday slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers. The levy — nicknamed the “Google tax” because of the high number of technology firms seeking to avoid tax — ...

OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The international economic organization said in a report released Tuesday that ...

Nov 14, 2014

Shimane Prefecture to tax idled nuclear reactors

The Shimane Prefectural Government said Friday that it plans to introduce a new tax on nuclear reactors based on their output capacities. Revenue from the tax is estimated to total ¥3 billion for five years from next April, regardless of whether the No. 1 ...

Nov 7, 2014

Economist Paul Krugman urges Abe to delay tax hike, aide says

Economist Paul Krugman told Prime Minister Shinzo Abe during a meeting that he was concerned a further increase in the nation’s sales tax next year could hurt the economy, according to one of Abe’s aides. Krugman, a 2008 Nobel laureate in economics, urged Abe ...