Tag - sales-tax

 
 

SALES TAX

BUSINESS
Aug 13, 2014
Homebuyers in Japan seen at risk amid floating-rate loan rush
Japanese homebuyers are piling into floating-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan stimulus revives inflation.
BUSINESS / Companies
Jul 25, 2014
LVMH profit trails estimates as Japan tax hike hits fashion biz
LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods.
BUSINESS / Economy
Jun 14, 2014
Noda says Abe buying into 'voodoo economics'
Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe's predecessor steps up and slams the incumbent's tax plans.
Japan Times
BUSINESS / Economy
May 31, 2014
BOJ steps up growth 'rhetoric'
Japan's risk of spurring inflation without boosting the nation's growth potential is raising the stakes for Prime Minister Shinzo Abe's next round of economic restructuring measures, due in June.
Japan Times
BUSINESS / Economy
May 1, 2014
Sales at department stores, electronics chains plunge after tax hike
Sales at department stores, electronics shops and auto dealers sank in the first month after the April 1 consumption tax hike after spiking ahead of the deadline.
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.
BUSINESS / Economy
Mar 31, 2014
Manufacturing slumps as tax hike looms large
Japan's industrial production fell in February, undercutting economists' forecasts, as the first sales tax hike since 1997 risks stalling the economic recovery.
Japan Times
BUSINESS
Mar 25, 2014
Stores looking to tourists for big sales
Many major department stores are zeroing in on foreign tourists and other visitors exempt from paying the consumption tax if they spend over a certain amount, anticipating that sales of luxury items will plunge following the sales tax hike next 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.
JAPAN / Politics
Mar 24, 2014
76.5% worried about economy after tax hike, poll shows
A total of 76.5 percent of respondents in a Kyodo News opinion poll said they are worried about the future of the economy following the planned consumption tax rate increase to 8 percent from 5 percent on April 1, while 22.4 percent said they are not worried.
BUSINESS / Economy
Mar 19, 2014
Japan logs record trade deficit for month of February
Japan registered a goods trade deficit of ¥800.3 billion in February, a record for the month and up 3.5 percent from a year before, the government said Wednesday, amid growing imports of fossil fuels after the Fukushima nuclear crisis.
BUSINESS / Economy
Mar 18, 2014
Analysts split on fiscal crisis timeline
Economists are split over how long the government has to rein in the world's biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should keep ratcheting up the sales tax.
Japan Times
JAPAN / Politics
Jan 19, 2014
Abe: 'Numbers do not lie'
Prime Minister Abe plays up fiscal consolidation and across-the-board prosperity as he returns to his “Abenomics” script for the Liberal Democratic Party convention.
BUSINESS
Jan 17, 2014
Firms' tax hike limits face scrutiny
The government said Friday it has started sending inspectors to more than 260 companies suspected of not allowing smaller wholesalers or subcontractors to pass on cost increases stemming from the consumption tax hike in April.
BUSINESS / Economy
Dec 21, 2013
Economy forecast to grow 1.4% and CPI to rise 1.2% in fiscal 2014, excluding tax hike impact: government
The economy will grow 1.4 percent in fiscal 2014 on the back of healthy domestic demand amid inflation of 1.2 percent, excluding the effects of the consumption tax hike in April, the government forecast Saturday.
BUSINESS / Economy
Dec 4, 2013
Stimulus package to ease tax hike impact to be worth ¥18.6 trillion
Japan's economic stimulus package to ease the potential negative impact of next April's sales tax hike will be worth around u00a518.6 trillion, with fresh central government spending totaling u00a55.5 trillion.
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
Sep 21, 2013
Corporate tax cut agreement eludes
Prime Minister Shinzo Abe's top economic chiefs have failed to agree on a contentious corporate tax cut amid lingering skepticism that the move will bolster the deflation-mired economy and amid pressure on business leaders to raise wages.
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.

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