If the president wants to challenge a New York state law, let him do it on New York's turf. That's what lawyers for the state told a federal judge in Washington on Wednesday in a hearing on Donald Trump's suit over a law that could ...
New York prosecutors subpoena eight years of Trump's tax returns, source says
New York City prosecutors have subpoenaed President Donald Trump's tax returns, a person familiar with the matter told The Associated Press on Monday. Manhattan District Attorney Cyrus Vance Jr.'s office recently sent a subpoena to Trump's accounting firm seeking the last eight years of state ...
Thomas Piketty takes aim at wealth inequality
The French economist's new book is meant to jolt the global left out of its ideological stupor.
Economist expects limited impact from Japan's October tax hike
The impact of the Oct. 1 consumption tax hike from the current 8 percent to 10 percent will be limited as mitigating measures are already in place, according to the chief economist at the Daiwa Institute of Research. "The economy is highly likely to be ...
Donations to quake-hit towns in Hokkaido rose sharply in fiscal 2018
Donations to three towns in Hokkaido hit by a powerful earthquake last year expanded sharply in fiscal 2018 under the government's furusato nōzei (hometown tax donation) system, according to local municipalities. Under the plan, which allows taxpayers to contribute to their hometowns or other municipalities ...
Japan braces for tax hike chaos under two-tier system as register shortage looms
As the hike in the consumption tax approaches, consumers and businesses are worried about the confusion that might erupt from differing rates for similar goods. To make things worse, businesses may not have enough new cash registers that can handle the two-tiered transactions. While the tax ...
Sharks, twisters and taxes: Cape Cod logs tough summer for tourism biz
Between great white sharks, freak tornadoes and new taxes on vacation rentals, Cape Cod businesses have had a challenging summer. Lodging and beach visit numbers are down on the famous vacation destination, one year after the region dealt with two shark attacks, including the state's ...
Can a tax rebate persuade Japan's mom-and-pop stores to shift to cashless payments?
Despite the government pushing the opportunity to accelerate Japan’s shift away from cash, many small-business owners are hesitant to change over to cashless payments.
Last-minute demand before Japan's tax hike failing to meet expectations
Consumer demand for products ahead of the planned consumption tax hike from 8 percent to 10 percent on Oct. 1 has been patchy compared with the previous increase carried out in April 2014.
Protocol amending Japan-U.S. tax treaty finally goes into effect
The Japanese and U.S. governments put into effect on Friday a protocol amending the bilateral tax treaty to avoid double taxation and prevent tax evasion, some six years after they agreed on it in 2013. The two sides exchanged ratification documents at the Japanese Foreign ...
Tax body finds Facebook Japan failed to report ¥500 million in income over two years
The Japan unit of Facebook Inc. failed to declare about ¥500 million in taxable income over the two years through 2017, sources close to the matter said Thursday. The tech giant's advertisement revenues earned in Japan were paid to its branch in Ireland, where the ...
Japan credit card firms may apply discounts to monthly payments to ease impact of tax hike
Major credit card companies are considering deducting points earned during purchases from the balance requiring payment, under a government rebate program intended to cushion the impact of the consumption tax hike planned for October, it was learned Tuesday. Observers have suggested such a move would ...
