Tag - taxes



South Korean officials count ballots following a parliamentary election on April 10. President Yoon Suk-yeol’s conservative bloc is set for a major setback in a vote for a new parliament, exit polls showed, likely meaning he will be in a weak position for the remaining three years of his term and face political gridlock.
Apr 18, 2024
Billionaire families lose hope for tax cut after Korean vote
South Korea’s regular maximum inheritance levy of as much as 50% is the second-highest among members of the OECD, after 55% in Japan.
According to the children's agency’s estimate, those with an annual income of ¥2 million will see an additional tax levy of ¥350 to support new child care provision, while those with incomes of ¥6 million will pay an extra ¥1,000.
JAPAN / Society
Apr 10, 2024
Japan to collect monthly average of ¥800 for child care boost
The exact amount for each individual will vary depending on income and public health insurance plans.
The financial center of Panama City, Panama, in 2019. Starting Monday, 27 people will be tried over charges connected to the "Panama Papers" case.
WORLD / Crime & Legal
Apr 8, 2024
'Panama Papers' trial to begin eight years after tax scandal
Twenty-seven people have been charged with money laundering in connection with the tax evasion scandal.
Nissan’s name has been removed from a list of around 44,000 companies eligible for the tax incentive on the economy ministry’s website.
BUSINESS / Companies
Apr 6, 2024
Nissan ineligible for tax break after underpaying firms: report
Nissan’s name has been removed from a list of companies eligible for the tax incentive on the economy ministry’s website, the Yomiuri Shimbum said.
Andres Iniesta, who played for Vissel Kobe, has been ordered to pay ¥580 million in back taxes, according to sources.
Mar 22, 2024
Soccer players failed to declare income totaling ¥2.1 billion
Andres Iniesta, Kim Jin-hyeon and Patric have been named by the Osaka Regional Tax Bureau.
The Tokyo Regional Taxation Bureau
JAPAN / Crime & Legal
Mar 21, 2024
Tokyo clinic director fails to report ¥1 billion COVID-19 subsidy
The director received subsidies to perform PCR tests and outsourced testing services, but an audit showed she had not paid some ¥1 billion to outsourcers.
Anti-capitalist protesters with Occupy San Francisco take part in a demonstration on the streets of the Californian city in October 2011.
Mar 10, 2024
The economic future of our overworked grandchildren
While John Maynard Keynes predicted a future of leisure and abundance, the world has seen an increase in wealth disparity and a culture of overwork.
Osaka Gov. Hirofumi Yoshimura said an expert panel will finalize details of the proposed fee for foreign tourists in April.
JAPAN / Society
Mar 7, 2024
Osaka weighs 'entry fee' for foreign tourists in bid to combat overtourism
The proposed fee is separate from the lodging tax already in place for all tourists.
The building housing the Japanese Olympic Committee in 2019
JAPAN / Crime & Legal
Mar 7, 2024
Japanese Olympic Committee pays ¥2 billion in back taxes after discrepancy
Tax authorities found improper accounting between fiscal 2018 and 2022, the committee has said, but has not imposed a penalty tax.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024
Streaming a movie abroad may soon come with taxes at the border
It's still unclear exactly how governments would implement digital tariffs.
The Tokyo Regional Immigration Bureau in 2018
JAPAN / Crime & Legal
Feb 20, 2024
Japan considers revoking permanent resident status of tax dodgers
Immigration authorities are considering revoking the residency status of foreign permanent residents who evade or repeatedly delay paying their taxes.
A woman makes a donation for people affected by the Noto Peninsula earthquake set up at Shinjuku's Keio Department Store's in Tokyo on Monday.
Feb 1, 2024
¥17 billion raised for quake-hit Ishikawa
A committee made up of members of related organizations will decide how to allocate the funds, which will be distributed via local municipalities.
Prime Minister Fumio Kishida delivers a policy speech during a plenary session of the Lower House in Tokyo on Tuesday.
JAPAN / Politics
Jan 30, 2024
Kishida comes full circle in policy speech with emphasis on 'power'
Amid low approval ratings and soul-searching for the ruling party, the prime minister made "power" a key theme in his policy speech.
Prime Minister Fumio Kishida addresses a meeting of the government's Tax Commission at the Prime Minister's Office on Thursday, as the commission's new chief Yuri Okina looks on.
Jan 26, 2024
Yuri Okina tapped as new chief of government tax panel
Okina is the first female chief of the panel, which advises the prime minister, and its first new chair in roughly 10 years.
Prime Minister Fumio Kishida makes a toast with Indonesian President Joko Widodo at a Japan-ASEAN luncheon meeting at the Japan Business Federation in Tokyo on Dec. 18. Kishida’s chance of reelection in the LDP presidential race in September will largely depend on his administration’s response to the current funding scandal and its entanglement in it.
JAPAN / Politics
Dec 31, 2023
Scandal, economic policy and LDP race to weigh on Kishida in 2024
How he balances all three will determine whether he keeps his job as LDP party president and, by extension, prime minister.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a marine landing drill on Tokunoshima island, Kagoshima Prefecture, on Nov. 19.
JAPAN / Politics
Dec 29, 2023
Kishida’s military build-up plans face bumpy road ahead
One year on, questions remain as to whether the embattled leader, whose support rate recently dipped to new lows, can follow through on his pledges.
Seihan Mori, the chief Buddhist priest of Kiyomizu Temple in Kyoto, writes the kanji character "zei," meaning "tax," with a calligraphy brush to announce the Kanji of the Year.
Dec 15, 2023
Despite a taxing year, 2023's top kanji still draws questions
In a year of major crises around the world, Japanese voters pick the kanji for "zei," meaning "tax," based on a plan yet to be implemented.
Yoichi Miyazawa, head of the Liberal Democratic Party's tax panel, speaks at its meeting at the party's headquarters in Tokyo on Thursday.
BUSINESS / Economy
Dec 14, 2023
Japan's ruling coalition OKs tax reforms amid public skepticism
The schedule for planned tax hikes to boost defense spending was once again not made clear.
Seihan Mori, chief priest of Kiyomizu Temple in Kyoto, writes "zei" (taxes), which was chosen on Tuesday as the kanji of the year.
Dec 12, 2023
Talk of taxes spurs choice for Japan’s kanji of the year
The choice came as tax hikes and cuts were heavily covered in the news and discussed among policymakers.


Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on