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June 17, 2024
 

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TAX 4

Japan Times
JAPAN / EXPLAINER
Dec 18, 2017
Japan set to bank ¥40 billion per year for tourism sector with new departure tax
From January 2019 Japan is set to impose a ¥1,000 tax on everyone departing the country, to secure funding for tourism infrastructure and promotion amid record-breaking arrivals of international travelers.
BUSINESS / Economy
Dec 18, 2017
Japan's FY 2018 budget likely to set record for sixth straight year at around ¥97.7 trillion
The government's draft budget for fiscal 2018 is expected to total ¥97.7 trillion ($868 billion) — a record high for the sixth straight year — due in large part to swelling social security and defense spending, according to government sources.
Japan Times
JAPAN / Politics
Dec 14, 2017
High earners, smokers and tourists to see higher levies under planned fiscal 2018 tax reforms
The ruling Liberal Democratic Party-Komeito coalition's fiscal 2018 tax reform plan features increased taxes for high-income earners and smokers, as well as a controversial departure tax targeting tourists leaving Japan.
Japan Times
BUSINESS / Economy
Dec 7, 2017
GOP cuts to homeowner tax breaks threaten to cost Republicans in 2018 races, hit property values
Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
Japan Times
BUSINESS
Dec 6, 2017
EU rubber-stamps tax haven blacklist as it goes after 'digital giants'
The European Union agreed on a tax blacklist of 17 countries that could potentially face sanctions for failing to bring their standards in line with the bloc, as it seeks to further step up its fight against opaque practices that facilitate avoidance by multinationals and individuals.
EDITORIALS
Dec 5, 2017
Craft income tax reforms carefully
The nation's income tax system should be adjusted to adapt to the diversification of the ways in which people now work.
Japan Times
COMMENTARY / World
Dec 4, 2017
Beware a U.S. economic boom — really
U.S economic history suggests that a boom economy now could create bigger problems down the road.
Japan Times
WORLD / Politics
Nov 28, 2017
Trump and Senate Republicans prepare for showdown over tax cuts as planned vote looms
President Donald Trump was to meet with Senate Republican tax-writers on Monday at the White House to scope out an end-game strategy for sweeping tax legislation, ahead of a crucial vote on the Senate floor that could come as early as Thursday.
BUSINESS
Nov 20, 2017
Lobbyists of every stripe swarming U.S. Congress to protect their interests in GOP-led tax legislation
Recreational vehicle retailers from across the country were sipping morning coffee at a convention in Las Vegas earlier this month when word whipped through the hotel's "dealers' lounge" that the U.S. Congress was considering tax law changes threatening their businesses.
Japan Times
WORLD / Politics
Nov 17, 2017
Trump cheers on House GOP ranks as they pass tax bill seen favoring rich and dooming vital deductions
The U.S. House of Representatives approved a broad package of tax cuts affecting businesses, individuals and families on Thursday, moving Republicans and President Donald Trump an important step closer to the biggest tax code overhaul in a generation.
Japan Times
WORLD / Politics
Nov 16, 2017
Two Senate Republicans oppose party's tax plan, posing headwinds for Trump
A Senate Republican tax plan that would repeal the Obamacare mandate and give permanent tax cuts only to U.S. corporations drew fire from two Republican lawmakers on Wednesday in what could be a sign of trouble for the sweeping measure.
Japan Times
BUSINESS
Nov 13, 2017
Tokyo pushes back on 'bizarre' death tax that deters expats
Considering a work stint in Japan? You'd better make it short, and you'd better stay alive.
Japan Times
WORLD / Politics
Oct 30, 2017
GOP-led Congress under fire as secrecy-shrouded Trump tax overhaul seen targeting coveted deductions
President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes.
Japan Times
BUSINESS
Oct 27, 2017
GOP-led U.S. House narrowly passes measure paving way for Trump's deep tax cuts seen favoring rich
The U.S. House of Representatives helped pave the way on Thursday for deep tax cuts sought by President Donald Trump and Republican leaders, but barely overcame a revolt within party ranks that could foreshadow trouble ahead for the tax overhaul.
Japan Times
JAPAN
Oct 26, 2017
Unclaimed land to cost Japan ¥6 trillion and extend to 90% size of Hokkaido by 2040
Economic losses due to the neglect of unclaimed land could reach u00a56 trillion in about 20 years, according to research analysis.
Japan Times
BUSINESS
Oct 26, 2017
Shades of Obamacare repeal bid as secrecy also shrouds Republicans' tax overhaul and blanks aren't filled in
Congress is trying to ram through a bill that would reshape the U.S. economy in just a few short weeks, but its leaders have kept the plan shrouded in secrecy and released not a word of legislative text.
Japan Times
JAPAN
Oct 25, 2017
Japan eyes tobacco tax hike to cover revenue shortfall after consumption levy is raised
To make up for the loss of revenue when levies on certain necessities are lowered when the consumption tax is raised, the government may hike the tobacco tax, sources said Tuesday.
Japan Times
BUSINESS
Oct 24, 2017
Trump vows no tampering with popular retirement savings under tax plan but also rules out fourth bracket for rich
President Donald Trump on Monday dismissed the possibility of curbing a popular tax-deferred U.S. retirement savings program to help pay for sweeping tax cuts, and expressed doubts about adding another top bracket targeting the wealthiest Americans.
Japan Times
JAPAN / Politics
Oct 19, 2017
Voters in Abe's heartland fear future sales tax hike as they struggle with stagnant wages
Chiyoko Yamamoto works in one of the best regions in Japan — a place with one of the lowest rates of unemployment, a growing economy, and the highest level of female employment in the country.
JAPAN / Politics
Oct 19, 2017
Japan Inc. wants ruling bloc to prevail in election win but with smaller majority: poll
Japanese companies overwhelmingly want Prime Minister Shinzo Abe's ruling coalition to stay in power in this Sunday's national election but about two-thirds want it to lose seats, a Reuters poll found.
Rare tissue-damaging bacteria spreads in Japan
Group A Streptococcus typically causes swelling and a sore throat in children, but some types of the bacteria can lead to symptoms developing rapidly.
North Korea building roads and walls inside DMZ, report says
What's believed to be loudspeakers at the top of a hill on the North Korean side of the Demilitarized Zone dividing the two Koreas, on Tuesday.
Kishida calls for peace, as Russia's absence overshadows Ukraine summit
Prime Minister Fumio Kishida is welcomed by Ukrainian President Volodymyr Zelenskyy prior to the start of a Ukraine peace summit in Burgenstock, Switzerland, on Saturday.
Facial recognition for train passengers in use in Chiba Prefecture
A facial recognition system at ticket gates has been introduced at the Yamaman Yukarigaoka Line in Sakura, Chiba Prefecture.
Southwest Airlines plane plunged within 120 meters of ocean near Hawaii
A Southwest Airlines Boeing 737 Max 8 aircraft in Houston in 2019
Japan’s gamified environment apps target a greener mindset
A person uses a tong with a camera and GPS system attached to pick up litter, part of an initiative to boost participation in collecting trash.
In perspective: a firsthand account of this year’s G7
Group of Seven leaders and officials look to the sky during a ceremony involving paratroopers at Borgo Egnazia Golf Club San Domenico in Savelletri, Italy, on Thursday.
Calls for Kishida to step down growing among local LDP chapters
Prime Minister Fumio Kishida listens to voters in the city of Kumamoto in April. Liberal Democratic Party politicians are afraid that Kishida's unpopularity could seal their own fates when they stand for local elections.
Renho, the liberal politician who might dethrone Tokyo's Koike
Renho speaks to reporters on Wednesday in Tokyo.
Despite its hardworking image, Japan might be No. 1 in quiet quitting
Only 6% of the Japanese workforce is engaged while a third of the workforce is job hunting or looking out for new opportunities, according to a Gallup report.

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