Dec 10, 2013

High-income earners face tax hike

The administration and ruling bloc are in the final stages of talks to raise the income tax in 2017 on corporate employees who make more than ¥10 million a year, sources said Tuesday. The proposal comes as Prime Minister Shinzo Abe’s administration, the Liberal ...

Dec 9, 2013

Ruling bloc set to hike taxes on high earners

The Liberal Democratic Party-led government is in final talks to raise tax payments for employees who earn more than ¥12 million a year, by trimming tax credits. In its tax reform outline expected later this week, the government will propose raising the income and ...