/ Nov 15, 2016

Government panel calls for review of spousal tax break

A government advisory panel has recommended reviewing the spousal tax break, while stopping short of presenting any specific proposals. It is "appropriate" to review the tax break, the Tax Commission said in a report released Monday. Under the current system, ¥380,000 can be deducted from taxable ...

Oct 7, 2016

LDP gets cold feet on axing spousal tax break

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In the latest sign that the ruling Liberal Democratic Party will not reform a tax break that has long been viewed as a disincentive for working women, Secretary-General Toshihiro Nikai appeared to walk back his earlier support for the reform. The spousal tax break reduces ...

Nov 30, 2015

Japan may end business tax break for solar installs, Nikkei says

The ruling Liberal Democratic Party is reportedly seeking to halt funding for the lion's share of a ¥70 billion renewable energy program by removing tax breaks for companies that install solar panels to sell power. Cutting the solar incentive portion of the initiative will shore ...

Aug 30, 2013

Gov't to introduce tax breaks to realize growth strategy

As part of its growth strategy, the administration plans to introduce a set of tax breaks to encourage companies to purchase new equipment and help hospitals and inns make their buildings more resilient to earthquakes. By also taking measures to bolster Japan's industrial competitiveness, such ...

Apr 23, 2013

Lawmakers received dubious tax breaks

At least 17 lawmakers received questionable tax breaks between 2009 and 2011 by moving donations they made to local chapters of their political parties to fund management groups, it was learned Sunday. Politicians are unable to receive income tax breaks if they donate money directly ...