NEWSWORTHY
Government considers scaling back tax exemption for education, child care gift program from April
From April the government is considering scaling down the tax exemption for money gifted to cover child care and education costs, people familiar with the matter said Saturday. The number of people applying for the exemption has steadily declined since the program was introduced in ...
Acting U.S. attorney general, Matthew Whitaker, may have violated group's tax-exempt status
Matthew G. Whitaker, America's new acting attorney general, repeatedly chided presidential candidate Hillary Clinton in public statements during 2016 while he was speaking for a group that is barred by its tax-exempt status from supporting or opposing political candidates during a campaign. Before coming to ...
Financial assets at households of two or more members in Japan averaged ¥11.51 million in a 2018 survey, unchanged from the previous year, the Central Council for Financial Services Information has said. More responding families saw income growth on the back of wage and bonus ...
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might ...
Newly empowered Democrats take aim at Trump business conflicts
Beyond trying to get their hands on the Holy Grail of President Donald Trump's business dealings — his tax returns — House Democrats are prepared to use their newfound majority and subpoena power to go after all manner of financial records that could back ...
President Donald Trump accused Japan on Wednesday of treating the United States unfairly on trade, claiming that Japan exports cars with low tariffs but does not take American cars. Speaking at a news conference a day after the Republican Party lost control of the House ...
To what extent will Japan's 2014 downturn repeat with the new tax hike?
The wallets of Japanese residents may get a little lighter next year, as the prices of most goods and services are set to rise under a new consumption tax system starting in October 2019. Under this new system, consumers may have at least some reprieve, ...
Japanese government considers plan for 'premium vouchers' to underpin economy after tax hike
Low-income families may be able to purchase a voucher worth ¥25,000 for the cost of ¥20,000 under a government plan aimed at underpinning consumer demand after next year's planned tax hike, sources said Wednesday. The "premium vouchers" would be available to households with an annual ...
Analysts predict Bank of Japan will maintain policy stance with focus growing on 10-year yield range
At meetings scheduled for this week, the Bank of Japan will maintain its policy settings, according to economists surveyed by Bloomberg, amid a growing view that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. All 46 analysts surveyed expect ...
Japan to skip planned tax hike for capital gains and dividends
The tax panels of the ruling parties have decided to skip a tax hike for capital gains and dividends in reforms for fiscal 2019, sources have said. Currently, capital gains and dividends are subject to a 20 percent tax, consisting of a 15 percent income ...
Doubts persist as to whether the hike will cover the mushrooming social security costs of the rapidly aging population.
Abe says he's going ahead with Japan's consumption tax hike in October 2019
Chief Cabinet Secretary Yoshihide Suga said Abe asked relevant ministers to come up with measures to mitigate negative impacts of the increase.
