Tag - taxes

 
 

TAXES

A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
JAPAN / Politics / FOCUS
Jun 5, 2025
Japan eyes tougher rules for foreign residents and tax hike for tourists
Ideas range from stricter driver's license tests for foreign nationals to increasing taxes on foreign visitors.
The draft also expresses strong concern about China's attempts to unilaterally change the status quo by force in the East China Sea and the South China Sea.
JAPAN / Politics
Jun 5, 2025
Japan to name China as its biggest strategic challenge
It is unusual for the annual economic and fiscal policy guidelines to criticize China for its coercive behavior toward neighboring countries.
U.S. President Donald Trump and Elon Musk attend a news conference in the Oval Office of the White House in Washington on May 30.
WORLD / Politics
Jun 5, 2025
Will ex-aide Musk leave a stink in the White House?
U.S. President Donald Trump's sweeping domestic policy bill has careened into an Elon Musk-shaped brick wall, complicating its passage into law.
Komeito leader Tetsuo Saito speaks to reporters in Tokyo on Monday.
JAPAN / Politics
Jun 4, 2025
Komeito to propose sales tax cut on food, Yomiuri reports
A Komeito official confirmed the report, saying the tax cut idea will be among proposals in the campaign pledge due on Friday.
Elon Musk looks on during a news conference with U.S. President Donald Trump in the Oval Office of the White House in Washington on Saturday. Musk has dubbed Trump's sweeping tax and spending bill as a "disgusting abomination."
WORLD / Politics
Jun 4, 2025
Trump's 'big, beautiful bill?' Musk calls it a 'disgusting abomination.'
The Tesla and SpaceX CEO says the U.S. president's sweeping tax and spending bill will increase the federal deficit.
Arrows lead to the tax-free counter at a branch of discount retailer Don Quijote in Tokyo's Shibuya Ward.
JAPAN / Politics / FOCUS
Jun 4, 2025
Is Japan ready to say goodbye to tax-free shopping?
Amid widespread abuse of Japan’s tax-free shopping system, a group of Liberal Democratic Party lawmakers are mulling over its possible abolition.
LDP Secretary-General Hiroshi Moriyama speaks during an event in Nakatane, Kagoshima Prefecture, earlier this month.
JAPAN / Politics
May 24, 2025
LDP holds meeting to let proponents of tax cut blow off steam
The LDP leadership has decided not to include a consumption tax reduction in its campaign pledges for the upcoming Upper House election.
Prime Minister Shigeru Ishiba takes part in deliberations on pension system reform in the House of Representatives on Tuesday. Ishiba’s comparison of Japan’s finances to Greece’s during a tax debate drew backlash for spooking markets and misrepresenting the country’s debt situation.
COMMENTARY / Japan
May 22, 2025
Ishiba's Greece debt comparison risks deeper crisis
Prime Minister Shigeru Ishiba’s comparison of Japan’s finances to Greece’s during a tax debate drew backlash for spooking markets and misrepresenting the country’s debt situation.
As Japan confronts global economic shifts and mounting fiscal pressures, its upcoming election risks being consumed by a stale, politically fraught debate over the consumption tax.
COMMENTARY / Japan
May 21, 2025
Don’t reopen the ‘demon's gate’ debate in Japan
As Japan confronts global economic shifts and mounting fiscal pressures, its upcoming election risks being consumed by a stale, politically fraught debate over the consumption tax.
If tax exemptions are revised, small parcels containing products bought from Shein and PDD Holdings' Temu shipped into Japan could be subject to the country’s sales tax, which mostly stands at 10%.
BUSINESS / Economy
May 20, 2025
Japan considers taxing small parcels as Shein and Temu expand
An experts group has discussed problems related to existing exemptions, including concerns about the channel being a conduit for illegal drugs and counterfeit goods.
As Japan heads into summer elections, debate over the consumption tax has intensified, with opposition parties demanding cuts to ease pressure on households and the government defending the levy as essential amid rising debt and economic uncertainty.
EDITORIALS
May 16, 2025
Don’t overreact to the consumption tax debate
Economic uncertainty in combination with rising prices are squeezing the budgets of households, businesses and the government.
Prime Minister Shigeru Ishiba enters his office in Tokyo on Tuesday.
JAPAN / Politics / FOCUS
May 13, 2025
Consumption tax set to dominate Upper House election debate
Broaching the subject has traditionally been seen as akin to kicking a hornet's nest.
Liberal Democratic Party Secretary-General Hiroshi Moriyama speaks in the city of Kagoshima on Sunday.
JAPAN / Politics
May 12, 2025
LDP and CDP see consumption tax cut as election issue
CDP leader Yoshihiko Noda told reporters in Sapporo that if the ruling camp does not decide on the consumption tax cut, it would have to become an election issue.
A supermarket in Chiba. Politicians in Japan might cut the consumption tax to help households and the economy.
BUSINESS / Economy
May 8, 2025
Economists debate consumption tax cut as Japanese politicians warm to idea
Japanese politicians are considering the possibility of lowering the consumption tax to stimulate the economy in the face of U.S. tariffs.
In a world where capital and rich individuals can cross borders freely, only international cooperation can ensure that multinational corporations and the superrich are fairly taxed.
COMMENTARY / World
May 7, 2025
America is becoming the world’s largest tax haven
Trump is turning the U.S. into a tax haven by weakening enforcement, deregulating crypto and abandoning international tax cooperation, favoring secrecy and the ultrarich.
Prime Minister Shigeru Ishiba speaks to reporters about Japan-U.S. tariff negotiations at his official residence on Saturday.
JAPAN / Politics / FOCUS
May 5, 2025
Tariff talks with U.S. seen influencing Japan's Upper House election
The outcome of the ongoing bilateral negotiations will have a major impact on this summer's election in the Upper House.
Constitutional Democratic Party of Japan head Yoshihiko Noda speaks to reporters in Tokyo on Friday.
JAPAN / Politics
Apr 28, 2025
CDP's about-face piles pressure on LDP to cut consumption tax on food
Constitutional Democratic Party of Japan chief Yoshihiko Noda pledged that the party will abolish the consumption tax on food products for a year.
U.S. President Donald Trump gestures in the Rose Garden of the White House, in Washington, in April.
WORLD / Politics
Apr 28, 2025
Trump’s polls decline near 100-day mark, raising tax-plan stakes
Polls show that voters perceive Trump to be falling short on his core campaign promise to strengthen the economy.
Scott Bessent
WORLD / Politics
Apr 19, 2025
Bessent replaces acting IRS commissioner in power struggle with Musk
The move came hours after a report that Bessent approached President Donald Trump to complain that Musk had gone around him to get his pick appointed.

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic