Tag - consumption tax

 
 

CONSUMPTION TAX

EDITORIALS
Apr 2, 2014
Tax hike alone won't cure fiscal ills
The consumption tax hike alone won't resolve the nation's fiscal and social security woes. It needs to be matched by efforts to rein in government spending.
BUSINESS
Apr 1, 2014
Banks see economy withstanding sales tax increase
The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said.
BUSINESS
Apr 1, 2014
Shoppers start coping with higher sales tax
Tuesday's hike of the consumption tax to 8 percent saw mixed reactions in Tokyo and Osaka. While consumers in both cities seemed resigned to the increase, there was concern about the additional transportation and food costs.
Japan Times
BUSINESS
Mar 31, 2014
Shoppers flock to stores ahead of sales tax hike
Consumers flock to stores to make last-minute purchases of luxury and sundry goods ahead of the first sales tax hike in 17 years.
Japan Times
BUSINESS
Mar 31, 2014
Supplier of ¥1 coins ends four-year hiatus for Abe's sales tax hike
Akao Aluminum Co., the only supplier of ¥1 coins, has produced its first batch in four years to meet an expected surge in demand for small change as the consumption tax jumps to 8 percent on Tuesday.
Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
BUSINESS / Economy
Mar 17, 2014
Abe aide urges more BOJ easing as sales tax increase threatens recovery
The Bank of Japan can double its annual pace of bond accumulation to ¥100 trillion to give fresh impetus to the economy after next month's sales tax increase, according to an aide to Prime Minister Shinzo Abe.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Mar 1, 2014
Fat men frolic, Jews to be treated equally, U.S. ambassador stabbed, new sales tax a headache
Twenty-five fat members of the House of Representatives with two Government delegates and two journalists, each of whom weighs more than 165 pounds (75 kg), sat at a dinner at the Fukuiro, Yanokura, Ryogoku, on Monday evening.
EDITORIALS
Jan 31, 2014
Help households, not corporations
Lowering corporate taxes, as the Abe administration wants to do, will invite criticism that Japan's businesses are being cosseted at the expense of tax relief for households.
BUSINESS / Economy
Jan 6, 2014
Arrival of 'bad inflation' trend bodes ill for Japan's rebound
Price increases are prompting Japanese shoppers to buy less mayonnaise, showing the fragility of any economic rebound unless wages keep up with living costs.
JAPAN / YEAR IN REVIEW 2013
Dec 25, 2013
A look back at the year's top 10 Japan news stories
Japan Times editors selected the following domestic stories as the most important in 2013.
EDITORIALS
Dec 17, 2013
Heavy tax hit on households
Japan's tax guidelines for fiscal 2014 again reflect the Abe administration's apparent emphasis on providing economic benefits to corporations at the expense of households.
EDITORIALS
Dec 13, 2013
Abe's stimulus only a short-term fix
The Abe administration's latest stimulus package has the central government spending more than it is due to receive in revenue from the fiscal 2014 tax hike, showing that the Japanese economy has yet to enter a self-sustaining cycle built on private-sector demand and investment.
BUSINESS / Economy
Dec 12, 2013
Ruling bloc approves tax reform plan for '14
To stave off some of the negative impacts of the expected consumption tax hike to 10 percent in October 2015, the Liberal Democratic Party-New Komeito ruling bloc says the levy should be reduced on certain daily necessities.
JAPAN
Oct 25, 2013
Tax hike may induce firms to use more temp workers
In what could be an unintended consequence, the sales tax hike set for next April may tempt companies to replace their regular workers with "haken" temporary workers, some tax law experts say.
EDITORIALS
Oct 9, 2013
Risky economic situation ahead
With the sales tax set to rise from 5 percent to 8 percent in April, it is all the more important that businesses strive to improve employment prospects and to raise workers' wages.
BUSINESS
Oct 8, 2013
With 8% hurdle cleared, Aso eyes 10% sales tax
Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent.
BUSINESS / JAPANESE PERSPECTIVES
Oct 6, 2013
Abe should consult father of economics for sage advice on sales tax
Three guesses on who said the following.
Japan Times
BUSINESS / Economy
Oct 3, 2013
Housing market exemptions to offset tax hike impact
The housing market will weather a consumption levy increase because of a tax break on home purchases, according to Mizuho Securities Co. and Morgan Stanley MUFG Securities Co.
Japan Times
BUSINESS / Economy / ANALYSIS
Oct 2, 2013
Households to take hit from tax hike
The consumption tax increase will hit every household in Japan hard, with many people's financial future hanging on whether their wages rise enough to offset the hike's impact.

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