Japanese lawmaker wants sales tax ditched as coronavirus weighs heavily on economy
Hiroshi Ando said the raising of the sales tax rate to 10 percent last October was a mistake because the economy was already in a downturn.
Japan hometown tax donations fell to ¥487 billion in 2019 with new curbs
The total amount of money collected under the furusato nozei hometown donation system in fiscal 2019 totaled ¥487.5 billion, down from some ¥512.7 billion in the preceding year, Jiji Press learned Tuesday. The furusato nozei system allows people to make donations to local governments of ...
SoftBank Group failed to declare ¥40 billion in taxable income in fiscal '18
No additional taxes were levied as the underreported income was offset by losses in the fiscal year, sources said.
Ministry to let excluded areas rejoin Japan's hometown donation system
The decision comes after the Supreme Court nixed the government's decision to exclude the city because of the expensive return gifts it sends to donors.
Japan Supreme Court nixes removal of city from tax scheme over pricey gifts
The program, allowing tax-deductible donations to hometowns or other municipalities, aims to ease tax revenue disparities between urban and rural areas.
Studio behind 'Kimetsu no Yaiba' anime accused of tax evasion
Anime studio Ufotable Inc., widely known for its "Demon Slayer: Kimetsu no Yaiba" series, and its president have been accused of evading some ¥139 million in taxes, sources said Wednesday. ...
Pandemic opens door to ideas new and old for a better economy
Governments have already cast aside dogmas at least temporarily to protect companies and jobs in the deepest peacetime recession in almost a century.
Company owned by Zozotown founder Yusaku Maezawa failed to report ¥500 million in income
The company amended its tax report to the Tokyo Regional Taxation Bureau but did not pay additional levies as the undeclared income was offset by losses.
Europe’s debt reckoning may mean tough choices on who to tax
As European governments rapidly ramp up borrowing to aid economies, the region’s experience of austerity is framing the debate on how to tackle debt.
Across Japan, 1 million businesses join tax refund point system
The program was aimed at preventing a drop in consumer spending following the tax hike last October, and stimulating consumption to raise the share of cashless payments.
Japan to exempt tax for alcoholic beverages used in disinfection
The exemption will remain effective as long as the health ministry approves the use of such products as a substitute.
