Tag - consumption-tax

 
 

CONSUMPTION TAX

Japan Times
JAPAN / Politics / FOCUS
Oct 1, 2019
Abe rolls the dice on his political legacy with tax hike
Shinzo Abe will almost certainly become the nation's longest-serving prime minister next month. Whether he will be remembered as a success could well hinge on how the economy weathers the consumption tax hike.
Japan Times
BUSINESS / Economy / ANALYSIS
Sep 30, 2019
Despite government steps, Japan's consumption will take a hit from tax hike, analysts say
The move remains unpopular among the public, and only time will tell whether the economy will suffer a deep impact.
Japan Times
JAPAN / EXPLAINER
Sep 27, 2019
Measures meant to offer relief from sales tax hike pose baffling riddles instead
With Japan's consumption tax rate hike to 10 percent scheduled for the start of next month, the government promises to simultaneously introduce a reduced rate for everyday essentials — mostly food and non-alcoholic beverages — to ease the financial impact on lower income households.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax: Should Japan raise it beyond 10 percent?
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax raise hurts Japan and eviscerates Abenomics
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS / Economy / The Argument: Consumption tax
Sep 25, 2019
The consumption tax rate needs to be hiked to 15% by 2025 to sustain social welfare
The Argument is a new feature dedicated to promoting dialogue and deeper understanding of contentious issues by introducing various viewpoints.
Japan Times
BUSINESS
Sep 24, 2019
Presence of Japan's ¥1 coins likely to fade further with tax hike
Small and silver in color, the ¥1 coin may not have much of a presence after the consumption tax rises from 8 percent to 10 percent on Oct. 1.
Japan Times
JAPAN / Politics
Sep 22, 2019
Abe rival Taro Yamamoto says Japan's sales tax hike is 'crazy' and should be abolished
Just as Japan braces itself for a hike in the sales tax to 10 percent on Oct. 1, one of Prime Minister Shinzo Abe's would-be rivals is calling for it to be abolished altogether.
Japan Times
JAPAN / Media / MEDIA MIX
Sep 21, 2019
Confusion reigns over scope of the forthcoming tax hike
When the government raised the consumption tax from 5 percent to 8 percent in April 2014, Japan suffered a recession. One possible indicator if such a downturn will happen prior to next month's long-delayed hike to 10 percent is how much people are spending now in anticipation of the increase. On Sept....
Japan Times
BUSINESS / Economy
Sep 13, 2019
Economist expects limited impact from Japan's October tax hike
The impact of the Oct. 1 consumption tax hike from the current 8 percent to 10 percent will be limited as mitigating measures are already in place, according to the chief economist at the Daiwa Institute of Research.
Japan Times
BUSINESS
Sep 4, 2019
Sukiya to keep price of regular beef-on-rice bowls the same after tax hike, eat-in or takeout
Zensho Holdings Co. said Tuesday it will not change the tax-included price of its mainstay regular gyūdon beef-on-rice bowls at its Sukiya restaurants after a consumption tax hike.
Japan Times
BUSINESS
Sep 2, 2019
Japan braces for tax hike chaos under two-tier system as register shortage looms
As the hike in the consumption tax approaches, consumers and businesses are worried about the confusion that might erupt from differing rates for similar goods.
Japan Times
BUSINESS / Economy
Sep 2, 2019
Japan to launch smartphone-based rewards program based on My Number ID card
The government will launch a smartphone-based rewards program in 2020 using the national My Number ID cards as part of measures to ease the impact of the consumption tax hike next month, sources close to the matter said.
Japan Times
BUSINESS
Sep 1, 2019
Can a tax rebate persuade Japan's mom-and-pop stores to shift to cashless payments?
Despite the government pushing the opportunity to accelerate Japan's shift away from cash, many small-business owners are hesitant to change over to cashless payments.
Japan Times
BUSINESS
Aug 28, 2019
Japan credit card firms may apply discounts to monthly payments to ease impact of tax hike
Major credit card companies are considering deducting points earned during purchases from the balance requiring payment, under a government rebate program intended to cushion the impact of the consumption tax hike planned for October, it was learned Tuesday.
EDITORIALS
Aug 14, 2019
No cause for optimism over economy's course
Decelerating global growth is testing Japan's efforts toward sustained growth driven by domestic demand.
Japan Times
BUSINESS
Aug 1, 2019
Tax on takeout food and nonalcoholic drinks in Japan to remain at 8 percent
Food eaten while walking or on public benches at amusement parks will be subject to a lower tax rate than food eaten in stores after the planned consumption tax hike in October, according to guidelines revised by the National Tax Agency on Thursday.
Japan Times
JAPAN / Politics
Jul 31, 2019
Actor-turned-politician Taro Yamamoto aims for real-life starring role as future Japan PM
Actor-turned-politician Taro Yamamoto is angling for a new real-life role in which he leads his novice party and allies to victory, ousts long-ruling conservatives and takes over as prime minister within the next few years.
Japan Times
JAPAN / Politics
Jul 22, 2019
Abe vows to push forward constitutional change despite failure of pro-revision forces to win Upper House supermajority
In a post-election news conference, Abe said his longtime goal isn't out of reach and he will to try to compromise with those working against him.
Japan Times
JAPAN / Politics / ANALYSIS
Jul 21, 2019
After Upper House election, ruling bloc bets political cost of tax hike will be limited
The hike is expected to generate an additional u00a55.7 trillion in annual revenue, of which u00a52.8 trillion will be used to defray the national debt.

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