Tag - consumption-tax

 
 

CONSUMPTION TAX

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.
BUSINESS / Markets
Oct 12, 2013
Aso says G-20 finance heads praised sales tax increase to tame fiscal debt
The Group of 20 finance leaders appreciated Japan's decision to hike the sales tax to restore its public finances, Finance Minister Taro Aso says.
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 9, 2013
IMF cuts Japan growth estimate
The International Monetary Fund on Tuesday slashed its global economic growth projections for the year, saying the Japanese economy will slow down due to factors such as the planned sales tax hike next April.
Japan Times
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.
Japan Times
JAPAN / Politics
Oct 2, 2013
Support rate for Abe Cabinet rises to 63.3%: Kyodo poll
The approval rating for Prime Minister Shinzo Abe's Cabinet stands at 63.3 percent, up from 61.8 percent last month, a Kyodo News survey showed Wednesday, despite the government's recent decision to raise the politically sensitive sales tax.
EDITORIALS
Oct 2, 2013
Consumption tax raise misdirected
Prime Minister Shinzo Abe confirms that the government will raise the sales tax from 5 to 8 percent beginning in April. But will the tax hike lead to an economic downturn
BUSINESS / Economy
Oct 2, 2013
Abe trying to strike a delicate balance
When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time.
Japan Times
JAPAN / Politics
Oct 1, 2013
April to see sales tax hike, Abe confirms
Prime Minister Shinzo Abe goes ahead with raising the consumption tax while also offering a ¥5 trillion stimulus package to offset the negative impact on consumer spending.
Japan Times
BUSINESS / Economy
Oct 1, 2013
Abe banking on ¥5 trillion in stimulus
Shinzo Abe's future as prime minister may well depend on how well the ¥5 trillion stimulus package cushions the economy from the tax-hike blow.
BUSINESS / Economy
Sep 30, 2013
Tax hike counter-stimulus approaches ¥6 trillion
A stimulus package designed to buffer the economy from next year's consumption tax hike will be worth u00a56 trillion, officials say.
BUSINESS / Economy
Sep 25, 2013
LDP proposes big tax breaks for businesses
The Liberal Democratic Party has proposed around ¥300 billion in tax cuts to invigorate business investment, a pillar of Prime Minister Shinzo Abe's economic growth plan, executives of the LDP's tax panel said.
EDITORIALS
Sep 21, 2013
Questions surround sales tax raise
As the April 2014 consumption tax increase nears, the Abe has yet to come up with a convincing reform plan to reduce people's worries about their lives in the future.
JAPAN / Politics
Sep 19, 2013
Cash handouts of ¥10,000 eyed for poor after tax hike
To cushion the impact of the first stage of the consumption tax hike, the government plans to distribute cash payments of ¥10,000 to ¥15,000 to people with low incomes, sources said Wednesday.
Japan Times
BUSINESS / Economy
Sep 16, 2013
Improved economic signs support consumption tax hike: Hayashi
Given the improving economic climate, the 3-point consumption tax hike should go ahead as scheduled next April, agriculture minister Yoshimasa Hayashi said at a business conference Monday.
Japan Times
JAPAN / Politics
Sep 15, 2013
50% against hiking sales tax in April: poll
The public is nearly evenly divided over whether the sales tax should rise next April, but not over Prime Minister Abe's remarks about the Fukushima water crisis.
JAPAN
Sep 14, 2013
Japan Post plans first price hikes in 20 years to offset sales tax increase
Japan Post Co. plans to raise prices for the first time in 20 years if the administration proceeds with the first stage of the consumption tax hike next April, officials said.

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