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 ...

Oct 29, 2014

Movie company fined for failing to report ¥1 billion in income

Tax authorities say Sedic International Inc., a film production firm known for its Oscar winner “Okuribito” (“Departures”), failed to declare about ¥1 billion in income in the five years to August 2012. The Tokyo Regional Taxation Bureau levied about ¥400 million in back taxes, ...