Japan mulls scrapping tax break for big firms that wine and dine clients
The administration of Prime Minister Shinzo Abe is considering ending a special tax break for wining and dining expenses at large companies at the end of fiscal 2019, informed sources said. The administration believes the measure, which allows half the expenses to be deducted from ...
LDP tax chief Amari to pursue tax system better suited to Japan's increasingly digital economy
The chief of a Liberal Democratic Party tax panel said Monday the group will explore changes that will lead to a tax system more in tune with the country's increasingly digitized economy. Akira Amari, head of the LDP Research Commission on the Tax System, said ...
Heavy fiscal measures to ease the impact of raising the consumption tax on households could raise doubts over the very purpose of the increase.
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. Republican Sen. Ron Johnson of ...
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. Sound familiar? The GOP is handling its ...
Fresh off striking a budget deal with Democrats, Donald Trump is toning down his rhetoric and looking to cut deals on such American hot-button issues as immigration and tax reform in search of a much-needed legislative victory. Eight months in office, the Republican president is ...
Trump calls for 'pro-America' tax reform, presses Congress to deliver
U.S. President Donald Trump turned his populist rhetoric to tax reform on Wednesday, calling for "pro-American" business tax cuts as a way to create jobs and telling Congress that it needs to deliver. Speaking at a manufacturing company in Springfield, Missouri, Trump called on Democrats ...
Ruling parties approve tax changes, but have yet to define food eligible for low rate
Marathon tax-reform negotiations between the ruling coalition partners concluded Thursday with negotiators agreeing to reduce consumption tax on food, officials said.
Cabinet OKs higher household taxes but gives businesses a break
Prime Minister Shinzo Abe's Cabinet on Tuesday approved tax policy changes for fiscal 2014, imposing higher taxes on households despite a planned sales tax hike, while giving benefits to companies to shore up the economy. The new tax reform plan is estimated to make tax ...
Prime Minister Shinzo Abe said Sunday his government will finalize a tax break for corporate investment by this fall in addition to its already announced growth strategy. Abe, appearing on a television program aired by public broadcaster NHK, called the series of measures he had ...
Naohiko Jinno: Master of public finance brings life to numbers
Born the grandson of a once-prosperous textile manufacturer in Urawa, Saitama Prefecture, Naohiko Jinno says that when he was growing up he was told by his mother, over and over again, that money was not important. Now aged 66, and a professor emeritus of economics ...
