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May 06, 2024
 

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TAX 4

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
BUSINESS
Sep 22, 2019
Global tax authorities discuss targeting multinationals with profit margins above 10%
Under their new rules, global taxation authorities have been discussing a proposal of targeting digital giants and other multinationals whose profit margins top 10 percent, Japanese government sources said Saturday.
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. 14, the Tokyo Shimbun reported on purchases of home electronics during the first week of September. On the whole, sales of digital electronics were less than they were a month before the 2014 tax hike went into effect. However, year-on-year sales of TV sets in September this year were significantly up from year-on-year sales in March 2014, mainly owing to the availability of 4K and 8K displays and the fact that many households have not bought new TVs since digital terrestrial broadcasts started in 2011.
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 10, 2019
Japan tax agency launches sake branding panel featuring former soccer pro Hidetoshi Nakata
The National Tax Agency has created an expert panel tasked with coming up with a branding strategy to boost exports of sake.
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.
JAPAN
Aug 17, 2019
Kitakyushu and Fukuoka to introduce accommodation tax from April
Kitakyushu officials agreed with the Fukuoka Prefectural Government on Friday to set its planned accommodation tax for people staying at hotels in the city at ¥200 per guest per night.
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.
Japan Times
BUSINESS
Jul 19, 2019
Japan's consumers scaling back summer plans amid pension woes, survey shows
Japanese consumers are planning to spend less money during this summer vacation than in any year since at least 2006 amid growing concerns over retirement funding as pension revenues shrink, a survey by a life insurance company showed Friday.
BUSINESS / Economy
Jul 17, 2019
Japan's looming sales tax hike prompts less rush demand so far, suggesting painful economic impact can be avoided
The nation's economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest.
Japan Times
JAPAN / Politics
Jul 3, 2019
Abe squares off with opposition leaders ahead of Upper House election
Prime Minister Shinzo Abe said during a debate with opposition leaders on Wednesday that he will go ahead with the planned sales tax hike in October but vehemently denied there will be further increases while he remains in power.
Japan Times
WORLD / Crime & Legal
Jul 3, 2019
House Democrats sue Treasury, IRS chiefs for Trump tax returns
House Democrats asked a U.S. court to force the Treasury Department to turn over six years of President Donald Trump's personal and business tax returns.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
G7 eyes plan on U.S.-led $50 billion aid package for Ukraine
A local resident visits the Lychakiv cemetery in Lviv, Ukraine, on Thursday. The U.S. is in talks with close partners to lead a group of allies that would give as much as $50 billion in aid to Ukraine.
Japan drops to 70th in press freedom rankings
A businessman reads a newspaper outside a train station in Tokyo.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
'Monster' Inoue ready to tear down Luis Nery in title defense at Tokyo Dome
Naoya Inoue (left) and Luis Nery following a pre-fight news conference in Yokohama on Saturday, two days ahead of their super bantamweight title fight.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.
With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.

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