Jun 14, 2016

Donations to municipalities of choice grow fourfold in fiscal 2015

Donations to municipalities that qualify as tax-deductable soared over fourfold in fiscal 2015 from a year earlier, the government said Tuesday. The donations in fiscal 2015 totaled ¥165.29 billion, compared with ¥38.85 billion in fiscal 2014, the Internal Affairs and Communications Ministry said. It ...

May 18, 2016

Economic growth remains fragile

The nation’s economy has escaped a back-to-back quarterly decline, as shown by the preliminary data for the January-March period — which has been closely watched as a possible clue to whether Prime Minister Shinzo Abe will go ahead with the consumption tax hike in ...

New Zealand prime place to hide money: Panama Papers

May 9, 2016

New Zealand prime place to hide money: Panama Papers

New Zealand is at the heart of a tangled web of shelf companies and trusts that are being used by wealthy Latin Americans to channel funds around the world, according to a report on Monday based on the so-called Panama Papers data leak. Local ...

May 3, 2016

Tobacco tax hike to add billions to Australia's coffers

Smokers in Australia could pay approximately $40 Australian dollars ($30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday. The cost of cigarettes will rise 12.5 percent every year, starting from 2017, with a packet currently costing around AU$25, according ...