Tag - taxes

 
 

TAXES

Justice Minister Ryuji Koizumi speaks to reporters in Tokyo on Tuesday.
JAPAN / Politics
May 21, 2024
Japan's revised immigration bill clears Lower House
Permanent residency holders may have their status revoked if they deliberately fail to pay their taxes, impacting only those "with malicious intent."
The Lower House Judicial Affairs Committee approves legislation to introduce a new training scheme for foreign workers on Friday.
JAPAN / Crime & Legal
May 17, 2024
Japan parliamentary panel OKs bill on training foreign workers
It will replace the foreign technical intern program with a new training scheme to allow foreigners to work in Japan for the medium to long term.
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
JAPAN / Society
May 15, 2024
Kishida defends planned rule to revoke foreigners' residency
The bill calls for allowing the government to revoke permanent residence permits of foreigners who intentionally evade taxes or social insurance premiums.
Tokyo's Shinjuku Ward has offered a stationmaster experience at Shinjuku Station as a return gift for donations of ¥1 million to the ward.
JAPAN
May 1, 2024
Tokyo offers 'experience packages' as gifts to curb tax outflow
As their tax revenues continue to decline, Tokyo wards have begun diversifying their gift offerings under the hometown tax program.
Then-U.S. President Donald Trump announces Jerome Powell as his nominee to become chairman of the U.S. Federal Reserve in the Rose Garden of the White House in Washington in November 2017.
BUSINESS / Economy / FOCUS
Apr 29, 2024
Trump’s economic confidants battle for sway on taxes and Fed policy
For months, the Trump campaign has been trying to rein in proposals from various factions with limited success.
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
WORLD / Politics
Apr 28, 2024
Putin’s war will soon reach Russians’ tax bills
The move reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite.
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.
ASIA PACIFIC / Politics
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.
JAPAN
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.
COMMENTARY / World
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.
JAPAN
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.

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