Tag - taxes

 
 

TAXES

The EU flag and Meta logo in an illustration from 2023
BUSINESS / Tech
Jul 22, 2025
Meta, X and LinkedIn appeal unprecedented VAT claim by Italy
Italian tax authorities argue that free user registrations with X, LinkedIn and Meta platforms should be seen as taxable transactions.
Upper House votes being counted on Sunday. The Liberal Democratic Party-Komeito coalition lost its majority in the upper chamber of parliament, but could still be effective in thwarting the opposition.
BUSINESS / Economy
Jul 21, 2025
Consumption tax cut not a given even after Upper House election
Political and economic realities suggest that opposition policies will not skate through.
Britain’s abolition of the "nondom" tax regime has triggered an exodus of wealthy residents to tax-friendlier countries like Italy, sparking warnings of lost revenue, diminished appeal and a missed chance to reform the system more effectively.
COMMENTARY / World
Jul 14, 2025
The ultrarich move in herds. Just ask London.
The beneficiaries are countries such as Italy, which is attracting wealthy foreign residents with an annual flat fee of €200,000.
The U.S. Capitol in Washington. U.S. President Donald Trump’s tax bill largely benefits business investors and wealthy Americans.
WORLD / Politics / EXPLAINER
Jul 4, 2025
Who won and lost in Trump’s tax bill
Those hit the hardest by the sweeping package include elite universities and immigrants.
The World Health Organization has backed tobacco taxes and price rises for decades, and has called for taxes on alcohol and sugary drinks in recent years, but this is the first time it has suggested a target price rise for all three products.
WORLD / Science & Health
Jul 4, 2025
WHO pushes countries to raise prices on sugary drinks, alcohol and tobacco by 50%
The move by the United Nations health agency is the strongest backing yet for taxes to help tackle chronic public health problems.
Opposition parties are proposing a consumption tax cut as inflation, especially food inflation, remains high.
BUSINESS / Economy / FOCUS
Jul 2, 2025
Consumption tax cut enters political conversation ahead of Upper House election
The Liberal Democratic Party opposes a reduction in the tax, but opposition parties are in favor of a cut.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office in June.
BUSINESS / Economy
Jul 2, 2025
Japan’s record tax haul leaves questions over Ishiba’s handout pledge
Ishiba’s plan to distribute cash handouts of ¥20,000 per adult is expected to cost around ¥3.5 trillion, according to his Liberal Democratic Party.
Canadian Prime Minister Mark Carney speaks at a news conference during a NATO summit in The Hague last Wednesday.
BUSINESS / Economy
Jun 30, 2025
Canada rescinds digital services tax to advance stalled U.S. trade talks
Canadian Prime Minister Mark Carney and U.S. President Donald Trump will resume trade negotiations in order to agree on a deal by July 21, Ottawa said.
Prime Minister Shigeru Ishiba speaks during a news conference in Tokyo on Monday. Inflation in Tokyo slowed in June for the first time in four months as a result of government steps to reduce utility and gasoline prices.
JAPAN / Politics
Jun 29, 2025
Measures to ease inflation must be speedy, says Prime Minister Ishiba
Ishiba has opposed lowering the sales tax ahead of an Upper House election where voters will vote on the performance of his minority government.
The U.S. Capitol in Washington on Saturday.
WORLD / Politics
Jun 29, 2025
Trump's sweeping tax-cut and spending bill clears first U.S. Senate hurdle
The Senate voted Saturday to begin debate on the legislation just hours after party leaders unveiled the latest version of the massive tax and spending package.
U.S. President Donald Trump and Canadian Prime Minister Mark Carney take part in an arrival ceremony during the Group of Seven leaders' summit in Kananaskis, Alberta, on June 16.
BUSINESS / Economy / FOCUS
Jun 29, 2025
Trump turns on ‘nice’ Mark Carney with Canadian tech tax ultimatum
The tax became law while Justin Trudeau was still in power and had prompted warnings of U.S. retaliation but Carney went ahead anyway.
Constitutional Democratic Party of Japan leader Yoshihiko Noda speaks during an interview at the party's headquarters in Tokyo on Wednesday.
JAPAN / Politics
Jun 27, 2025
Ahead of election, CDP chief vows 'responsible' tax cut
"Measures to cope with rising prices will be the biggest focus (of the July 20 House of Councilors election)," Yoshihiko Noda said.
Lawmakers from the Constitutional Democratic Party of Japan, Nippon Ishin no Kai and the Democratic Party for the People submit a motion to dismiss the chairman of the House of Representatives' Financial Affairs Committee, on Tuesday at parliament.
JAPAN / Politics
Jun 17, 2025
Opposition parties submit motion to dismiss Lower House panel chief
The motion to dismiss comes amid the panel chairman's refusal to hold deliberations on a bill to abolish the provisional gasoline tax rate.
A broker in the city of Osaka displays a sign for religious corporation deals.
JAPAN / Regional voices: Chubu
Jun 9, 2025
Religious corporation sales rising in Japan amid tax evasion concerns
There are increasing concerns that buyers may exploit the tax privileges granted to religious corporations.
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.

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