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 ...

Nov 12, 2015

LDP group to call for taxing internal reserves at firms

A group of lawmakers from the ruling Liberal Democratic Party is set to urge the government and the party’s tax panel to consider taxing internal reserves at companies, it was learned Thursday. The proposal will be aimed at prompting companies to further boost capital ...