Japan to cut fiscal 2019 tax revenue estimate on weak corporate earnings
The government will cut its tax revenue estimate for fiscal 2019 from ¥62.50 trillion ($575 billion), possibly by more than ¥2 trillion, as a result of weaker-than-expected corporate earnings amid a slowdown in the global economy, government sources said Thursday. The first possible decline in ...
Judge dismisses Trump lawsuit against New York over tax returns
A federal judge on Monday dismissed President Donald Trump's lawsuit against New York officials that was aimed at preventing the release of his tax returns. Judge Carl Nichols handed down a 19-page ruling, finding the U.S. District Court in Washington, D.C., does not have jurisdiction ...
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 ...
Rich South Koreans seen handing kids millions to shield against estate taxes
Some are barely old enough to walk and talk, much less understand the stock market. But thanks to South Korea's tax laws, a growing number of children as young as 1 are sitting on shareholdings collectively worth millions of dollars. These rich kids are increasingly ...
Wasted Japanese taxpayer money in fiscal 2018 was the second-lowest in a decade
Japan's Board of Audit said Friday that wasteful spending of tax money was at its second-lowest level in a decade in fiscal 2018, through March this year. A total of ¥100.23 billion ($917 million) in 335 cases was either wastefully spent by government agencies and ...
Why more U.S. tax cuts is a monstrously bad idea
What we have here is a glaring example of a political bribe masquerading as a plan.
Trump tax return case teed up to hinge on Chief Justice John Roberts
Fighting to keep his tax returns secret, President Donald Trump will soon ask the Supreme Court to grant him "temporary absolute immunity" from any criminal investigation while he's in office. The case sets up yet another test for the court's new swing voter, Chief ...
The right way to finance disaster recovery
New York appeals court agrees Trump tax returns since 2011 can be turned over
President Donald Trump's tax returns can be turned over to state criminal investigators by his personal accountant, a federal appeals court in New York ruled Monday. The ruling by the 2nd U.S. Circuit Court of Appeals is certain to be further appealed; lawyers for the ...
Hokkaido town of Kutchan in Niseko ski region introduces Japan's first fixed-rate lodging tax
The 2 percent levy will apply to all facilities, including private lodgings, and is expected to bring the town an extra ¥300 million ($2.76 million) in revenue.
Florida residency may boost Trump's re-election bid and lower his tax bill
President Donald Trump, a lifelong New Yorker, has changed his primary residence to Florida, a move that could benefit his re-election campaign — and his tax bill. The president says in a declaration of domicile filed in Palm Beach County, Florida, that he has become ...
Elizabeth Warren, the candidate who keeps Wall Street up at night
With plans to raise taxes on the rich, break up tech giants and tighten regulation on banks and other corporations, Elizabeth Warren is making Wall Street increasingly nervous. A recent poll showed the Massachusetts senator leading the race to become the Democratic candidate for the ...
