Dec 30, 2014

Business leaders welcome planned corporate tax cut

Two business leaders welcomed the ruling coalition’s fiscal 2015 tax reform package that features a cut in the effective corporate tax rate by more than 3.29 percentage points in fiscal 2015-2016. While hailing the move, Sadayuki Sakakibara, chairman of Keidanren, the country’s largest business ...

Dec 28, 2014

Abe vows radical review of all welfare outlays

The government said Saturday it will review its social security spending without exception when it compiles a budget for fiscal 2015. The government made that clear in its basic policy on the fiscal 2015 budget adopted at meetings of the Council on Economic and ...

Dec 22, 2014

Tax cut eyed for eco-friendly minivehicles

The government and the ruling parties plan to introduce a tax cut for eco-friendly minivehicles in the fiscal year beginning next April 1. The tax cut is for “kei” class minivehicles, which have an engine displacement of 660 cc or less and a maximum ...

Dec 18, 2014

Tax break eyed on size-based levy in exchange for pay hikes

The government and the ruling coalition are thinking of limiting the expansion of a size-based tax for companies that raise wages, informed sources say. Under the deal, the government would let companies that raise wages by at least 3 percent from fiscal 2012 levels ...

Dec 17, 2014

Obama signs $1.1 trillion spending bill into law

With little fanfare to mark a rare bipartisan achievement, President Barack Obama on Tuesday signed a massive, $1.1 trillion spending bill that keeps the federal government operating over the next nine months. The legislation was a compromise that angered liberals and conservatives alike but ...

Dec 17, 2014

U.S. Congress extends dozens of tax breaks

The U.S. Senate approved a sweeping package of tax breaks Tuesday, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes. On the Senate’s final day of the year, lawmakers passed some 55 ...

Dec 12, 2014

White House swings behind huge $1.1T spending bill

The Obama White House and House Republicans joined forces Thursday in a furious attempt to pass a $1.1 trillion U.S. government-wide spending bill over clamorous protests from Democrats objecting that it would roll back bank regulations imposed in the wake of the economic near-meltdown ...

Firms overwhelmingly want Abe to delay sales tax hike, poll shows

Nov 13, 2014

Firms overwhelmingly want Abe to delay sales tax hike, poll shows

Companies overwhelmingly want Prime Minister Shinzo Abe to delay or scrap the consumption tax increase planned for next October, a Reuters poll shows, highlighting concerns the hike could derail a fragile recovery. As expectations grow that Abe will soon announce he is putting off ...