Nov 15, 2016

Government panel calls for review of spousal tax break

A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is “appropriate” to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted ...

Nov 20, 2015

LDP starts annual tax reform debate

As ruling Liberal Democratic Party members sat down Friday to talk tax reform, the main focus was on consumption tax relief. The LDP’s Research Commission on the Tax System also is discussing corporate tax and automobile-related tax reforms. The commission aims to craft tax ...

Sep 11, 2015

Ruling bloc resumes talks on tax refund scheme for 2017 hike

The ruling bloc held a meeting Thursday to discuss ways to soften the impact of the consumption tax hike to 10 percent, due in April 2017, kicking off debate on a proposed tax refund system. The Liberal Democratic Party and Komeito, its coalition partner, ...

May 18, 2014

LDP to propose uniform tax deduction for couples

The ruling Liberal Democratic Party will propose that a uniform income tax deduction for couples replace the spousal tax deduction system as part of its initiative to encourage more women to work, it was learned Sunday. The spousal income tax deduction system has been ...

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 ...