Private lenders in Japan to offer zero-interest loans to small businesses strained by pandemic
The government decided Friday to provide unsecured zero-interest loans to small companies hit by funding problems from the coronavirus pandemic via private financial institutions. The decision was made at a meeting of the government's Council on Investments for the Future, headed by Prime Minister Shinzo ...
LDP execs agree on tax relief package to ease pain from coronavirus
Senior ruling party officials reached a broad agreement Thursday on a package of tax relief measures to mitigate the economic impact of the coronavirus pandemic. The agreement was reached at a meeting of executives from the Liberal Democratic Party's Research Commission on the Tax System. Small ...
Corporate tax refunds mulled for virus-hit companies in Japan
The measure would mainly apply to small and midsize companies that usually are ineligible for such tax relief.
Operator of Muji stores fined for dodging ¥7.5 billion in tax
The operator of the Muji-brand goods store chain failed to pay ¥7.5 billion ($69 million) in income tax in the three years through February 2017, sources close to the matter said Wednesday. The Tokyo Regional Taxation Bureau has judged that Ryohin Keikaku Co. transferred income ...
Japan local governments' hotel tax plans delayed by spread of COVID-19
An increasing number of local governments in Japan are moving to delay discussions on whether to introduce an accommodation tax, as the hotel industry has been hit by the spread of the new coronavirus. The Nara Municipal Government has decided to postpone its proposal for ...
Tax cut emerging as option in Japan to combat coronavirus impact
The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax. A group of ruling party lawmakers proposed last week ...
Japanese Cabinet minister says virus may be worse for economy than 2008 financial crisis
The effect of the new coronavirus on the economy could be worse than the 2008 financial crisis, economic revitalization minister Yasutoshi Nishimura said. Speaking on Fuji TV, Nishimura called Sunday for strong measures to protect the economy and said proper consideration should be given to ...
No global digital tax by end of 2020 would mean chaos, France says
Failure to reach a global deal on where and how much to tax digital giants such as Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's finance minister said on Sunday. It would also likely trigger U.S. ...
Washington state acts to drop Boeing tax break to head off EU tariffs
Washington state lawmakers moved on Wednesday to remove a key tax break for Boeing Co. and other aerospace firms in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies. The United States last week ...
Unmarried single parents find an unlikely ally in scrap over tax deduction
The ruling Liberal Democratic Party submitted an amendment to the Diet in January to expand the "widow's deduction" to cover single parents who have never been married. This system allows single parents who have lost spouses to death or divorce to deduct a certain ...
The Cabinet approved bills on a tax reform package for fiscal 2020 on Friday in an effort to encourage business investment in advanced communications infrastructure and startups with innovative technologies. The government will submit the bills to the Diet soon, with the aim of having ...
