Tag - tax-hike

 
 

TAX HIKE

BUSINESS / Economy
Oct 7, 2019
Japan downgrades economy assessment to 'worsening' for first time in four months
The government on Monday downgraded its assessment of the economy for August, saying it is "worsening" after being hit by sluggish production and exports due partly to lingering U.S.-China trade tensions.
Japan Times
JAPAN / Politics
Jun 2, 2016
Ruling, opposition camps switch into campaign mode day after election date confirmed
A day after Prime Minister Shinzo Abe set July 10 as the date for the upcoming Upper House election, the nation's ruling and opposition parties wasted no time Thursday launching into campaign mode.
JAPAN
Jun 1, 2016
On streets of Tokyo, opinion divided over tax-hike delay
Passers-by polled by reporters in Tokyo on Wednesday were split over the prospect of another delay to the consumption tax hike.
Japan Times
JAPAN / Politics
Jun 1, 2016
Abe delays tax hike weeks before election
Prime Minister Shinzo Abe on Wednesday announced he is pushing back a second-stage hike in the consumption tax, from April next year to October of 2019.
Japan Times
JAPAN / Politics / ANALYSIS
Jun 1, 2016
As voters welcome Japan's tax-hike delay, experts warn on costs
Economy mavens are split over the merits of Prime Minister Shinzo Abe's decision to delay the consumption tax hike to 2019.
JAPAN / Politics
May 31, 2016
Abe won't call for Lower House poll after delaying sales tax hike again
Prime Minister Shinzo Abe appears likely to forgo a House of Representatives election this summer over the planned postponement of a consumption tax increase from next year.
Japan Times
BUSINESS / Economy
May 30, 2016
LDP grandees fall into line on postponing second-stage tax hike
Despite their earlier opposition, top executives in the Liberal Democratic Party effectively endorse Abe's plan to shelve the planned second-stage hike of the unpopular consumption tax.
Japan Times
JAPAN / Politics
May 27, 2016
G-7 broadly agrees on ways to spur growth
Leaders agree to better cooperate on fiscal measures, but they remain sharply divided on how much each country should spend.
BUSINESS
Sep 5, 2015
Refunds on all food considered to ease '17 tax hike
The feasibility of a 2-point consumption tax refund is eyed for “all kinds of food and beverages except for alcoholic drinks” when levy is raised to 10 percent.
BUSINESS
Jul 3, 2015
Fiscal 2014 tax revenue soars to highest in 21 years
The government said Friday that tax revenue in fiscal 2014 climbed to ¥54.0 trillion ($438.4 billion), the highest since 1993, thanks to a jump in corporate tax receipts and the first stage of the doubling of the consumption tax.
BUSINESS / Economy
Feb 6, 2015
Composite index suggests economy is improving
Japan's key composite index rose in December following a fall the previous month, the government said on Friday, suggesting the country's economy may have overcome the negative impact of the 3-percentage-point consumption tax hike to 8 percent last April.
BUSINESS
Dec 2, 2014
Tax revenue may reach highest level in 17 years
Central government tax revenue may reach its highest level in 17 years in fiscal 2014 on the back of the April 1 consumption tax hike and growth in corporate and individual income tax receipts, Finance Ministry officials said.
JAPAN / Politics
Nov 26, 2014
JCP releases campaign platform, vows to cancel consumption tax hike to 10%
The Japanese Communist Party has announced a set of campaign pledges for the Dec. 14 lower house election, promising to "cancel" the planned consumption tax hike and seek other ways to secure funds for social security.
BUSINESS / Economy
Nov 25, 2014
Abe consumption tax backfiring with more debt, not less
What started as a plan to reduce the national debt is turning into a reason to issue more bonds.
JAPAN / Politics
Nov 18, 2014
Abe confirms postponing sales tax hike, calling Dec. 14 election
Prime Minister Shinzo Abe told his ruling coalition partner Monday that he will call a general election on Dec. 14 after announcing on Tuesday the postponement of the planned consumption tax hike, a coalition source said.
BUSINESS
Nov 14, 2014
DPJ will oppose tax hike to 10%, saying Abe failed to meet conditions
Reversing its earlier stance, the Democratic Party of Japan, the largest opposition force, said Friday it will oppose the planned sales tax hike to 10 percent from 8 percent next October.
COMMENTARY / Japan / SENTAKU MAGAZINE
Oct 19, 2014
Abe's inner circle sprouting horns over next tax bump
A major battle appears to be brewing between the office of Prime Minister Shinzo Abe and the Finance Ministry — the most powerful bureaucracy in Japan — over whether to raise the consumption tax from the current 8 percent to 10 percent next fall.
BUSINESS / Economy
Oct 16, 2014
U.S. Treasury report calls out 'Abenomics' for failings on reform, demand
Japan should undertake structural economic reforms that will lead to a recovery driven by private demand, the U.S. Treasury Department said in its semiannual Report to Congress on International Economic and Exchange Rate Policies.
Japan Times
BUSINESS / Economy
Oct 2, 2014
Bad weather may have slashed economic growth in July-September
Bad weather this summer, including successive typhoons, may have pushed economic growth down by 0.8 percentage point to 2.4 points in annualized real terms in the July-September quarter, the government said.
BUSINESS / Economy
Sep 9, 2014
Abe needs more stimulus to raise sales tax, adviser Itoh says
The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe.

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