Aug 2, 2014

Japan to reduce unsafe abandoned houses by cutting tax breaks

The government will review fixed property tax breaks for housing land to reduce abandoned houses that are rapidly increasing in number across the country due to the shrinking population, informed sources said. Decaying houses will be disqualified from the tax incentives once they are ...

Nov 29, 2013

Longer tax break eyed for 3/11 home repairs

The government is considering enabling owners of homes damaged by the March 2011 disaster to use a tax break to support reconstruction for a longer period than currently allowed, sources said. Owners of disaster-hit homes are allowed to book repair and reconstruction costs as ...

Aug 30, 2013

Gov't to introduce tax breaks to realize growth strategy

As part of its growth strategy, the administration plans to introduce a set of tax breaks to encourage companies to purchase new equipment and help hospitals and inns make their buildings more resilient to earthquakes. By also taking measures to bolster Japan’s industrial competitiveness, ...

Apr 23, 2013

Lawmakers received dubious tax breaks

At least 17 lawmakers received questionable tax breaks between 2009 and 2011 by moving donations they made to local chapters of their political parties to fund management groups, it was learned Sunday. Politicians are unable to receive income tax breaks if they donate money ...