Tag - consumption-tax

 
 

CONSUMPTION TAX

BUSINESS / Economy
Feb 14, 2014
Only 10% eyed for welfare
The April consumption tax hike to 8 percent is expected to bring in an additional ¥5 trillion in tax revenue in fiscal 2014, but the government can use only ¥500 billion to improve social welfare.
BUSINESS / Economy
Feb 13, 2014
Sales tax hike to 10% may be delayed if economy stalls: minister
The government will postpone the planned sales tax hike to 10 percent from 8 percent in October 2015 if the economy faces a downturn, economic and fiscal policy minister Akira Amari suggested Thursday.
BUSINESS / Companies
Feb 13, 2014
Topvalu prices will not go up, Aeon says
Major retailer Aeon Co. plans to maintain the prices of more than 3,000 items sold under its Topvalu brand after consumption tax is raised in April from 5 percent to 8 percent, company officials said.
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 12, 2014
New round of stimulus to cushion second tax hike in 2015: Amari
Another round of economic stimulus replete with lush fiscal spending will be set up when the government decides to complete the doubling of the consumption tax to 10 percent in 2015, economic and fiscal policy minister Akira Amari confirmed Sunday.
EDITORIALS
Jan 8, 2014
Shaky foundation for recovery
The Japanese economy appears to be on the recovery path for now, thanks to the policy of the Abe administration, but the effects from the consumption tax rise, beginning in April, and the extra financial burden that households can expect under the fiscal 2014 draft budget do not place the recovery on a solid foundation.
EDITORIALS
Jan 8, 2014
Fee hike should boost medical care
Revenue from the average 0.1 percent increase in medical fees for the 2014 draft budget is expected to be used mainly to improve emergency medicine and pediatric and obstetrical treatment — fields where quality care has declined in some localities because of shortages of physicians.
BUSINESS
Jan 8, 2014
Sales tax hike won't up Muji prices
Ryohin Keikaku Co., the operator of Muji household goods stores, is planning to keep prices unchanged when the consumption tax is raised to 8 percent in April.
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.
BUSINESS / Economy
Dec 27, 2013
Housing starts hit highest since '06
Housing starts nationwide rose 14.1 percent in November from a year earlier to 91,475 units, the highest level since 2006 for the month, the government said.
Japan Times
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.
BUSINESS / Economy
Dec 24, 2013
Cabinet OKs higher household taxes but gives businesses a break
Prime Minister Shinzo Abe's Cabinet on Tuesday approved tax policy changes for fiscal 2014, imposing higher taxes on households despite a planned sales tax hike, while giving benefits to companies to shore up the economy.
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.
Japan Times
BUSINESS
Dec 13, 2013
JR firms apply for fare increases for April sales tax hike
Six Japan Railway group passenger railroads have applied with the government for hikes in fares to reflect a hike in the 5 percent consumption tax to 8 percent in April.
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.
BUSINESS / Economy
Dec 12, 2013
¥5.5 trillion extra 2013 budget for stimulus OK'd
Prime Minister Shinzo Abe's Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring's consumption tax hike.
BUSINESS / Economy
Nov 19, 2013
OECD expects sales tax hikes to hurt economy
The economy will stall for the next few years against the backdrop of the planned two-stage sales tax hike, the OECD projects in a biannual report.
BUSINESS / Economy
Nov 19, 2013
Amari orders stimulus to offset tax hike
Economic and fiscal policy minister Akira Amari on Tuesday urged ministries and agencies to cooperate in finalizing by early December an economic stimulus package aimed at easing the negative impact of next year's sales tax hike.
Japan Times
JAPAN
Oct 31, 2013
Cash users to take brunt of fare hikes
Rail and bus operators will raise fares for cash and smart-card users to reflect the 3-point consumption tax hike set for April 1, but they are split over how much to raise the fares.

Longform

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