Sep 1, 2015

AKB48 management firm revises tax statement on member expenses

AKB48’s management company has revised its tax statement after an audit by tax authorities found discrepancies in rent payments for group members and other errors in the three years through November 2014, according to sources. The Tokyo Regional Taxation Bureau concluded that more than ...

Aug 27, 2015

Danish tax agency possible victim of billion-dollar scam

Denmark’s tax authority said Wednesday it had alerted police after foreign companies appeared to have drained 804 million euros from the system in what would be the country’s biggest-ever tax fraud. “Over the summer we became suspicious after receiving information from a foreign authority,” ...

Jul 7, 2015

Tax evasion rose to ¥14.9 billion in fiscal 2014

The amount of tax evasion detected by tax authorities in fiscal 2014 came to ¥14.9 billion, including penalties, up by ¥500 million from a year before, the National Tax Agency said. In the year ended in March, tax authorities detected 180 tax evasion cases ...

Jul 2, 2015

Record 62% of households in Japan face financial hardship

The proportion of households facing financial difficulties in Japan hit a record high of 62.4 percent as of July 2014, a Health, Labor and Welfare Ministry survey showed Thursday. The result partly reflects the consumption tax hike from 5 percent to 8 percent in ...

Jun 23, 2015

Sapporo files protest after tax authorities reject refund request

Sapporo Breweries Ltd. filed a protest over national tax authorities’ earlier decision to refuse the brewery’s request for a tax refund. The beer maker lodged the protest with regional tax authorities in four prefectures and Hokkaido. The authorities rejected in April refunding ¥11.5 billion ...

Jun 21, 2015

Italian prosecutors seek to indict Bank of China, 297 people

Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported by The Associated Press earlier this month. The suspects, mostly Chinese migrants living in Italy, include four senior managers of the Chinese state ...

Jun 21, 2015

Tens of thousands march against austerity in London

Tens of thousands of people joined an anti-austerity march through central London on Saturday, the first major public protest since Prime Minister David Cameron won last month’s general election. Demonstrators, some of whom had traveled from across Britain, snaked through the city from the ...