Tag - taxes



ASIA PACIFIC / Crime & Legal
Apr 20, 2016
China suspends G-20 anti-corruption task force, members say
China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets.
Japan Times
WORLD / Politics
Apr 16, 2016
Sanders' tax returns rank him high among Americans but far below Clinton
U.S. presidential candidate Bernie Sanders, who has made income inequality a top campaign theme, had taxable income of $205,271 in 2014, almost putting him in the top 5 percent of American earners, according to the release of his federal tax return on Friday.
Japan Times
JAPAN / Crime & Legal
Apr 11, 2016
OECD chief expects Panama to cooperate on tax cheats
The chief of the OECD said Monday that the Panamanian government is expected to cooperate in international efforts to prevent tax avoidance after the revelation of the Panama Papers.
BUSINESS / Companies
Mar 4, 2016
Facebook to ditch tax-reducing U.K. sales structure
Facebook said it would stop booking sales to U.K. clients via Ireland, a practice which reduced its taxes, following the British government's introduction of a new tax on profits shifted offshore.
Japan Times
WORLD / Politics
Feb 28, 2016
Campaign office says Rubio, wife paid $526,000 in taxes between 2010-2014
Republican presidential candidate Marco Rubio and his wife, Jeanette, paid $526,092 in taxes on $2.29 million of income from 2010-2014, his campaign said Saturday, in a move meant to pressure billionaire rival Donald Trump to release his taxes, too.
BUSINESS / Economy
Feb 26, 2016
Japan's government talks of postponing 2017 tax hike
The government is ready to postpone a scheduled hike in the consumption tax if the move looks like it would weaken the economy and reduce total tax revenues, Chief Cabinet Secretary Yoshihide Suga told a regular news conference Friday.
Japan Times
Feb 13, 2016
Japan is losing its drive to get behind the wheel
Even domestic automakers seem to be concentrating on expanding overseas as the market at home looks bleak.
Feb 8, 2016
Let's discuss the 'hometown donation' system
More people are remitting cash to municipalities where they do not live using the tax-deductible hometown donation program.
Feb 5, 2016
Japan's Cabinet finalizes bills for changing taxation rules
The Cabinet of Prime Minister Shinzo Abe finalized on Friday a set of bills to revise Japan's taxation rules, centering on exempting food items from a consumption tax hike planned in April 2017 and cutting the corporate income tax rate.
Jan 18, 2016
Let's discuss My Number
My Number, the new personal identification system for social security and taxation matters, kicks off amid data security fears.
Japan Times
Jan 2, 2016
Getting a high rise out of dodging taxes
About a year ago, we talked about using real estate purchases to lower inheritance and gift taxes. Obviously, people who are able to take advantage of these schemes are already well off — the average person doesn't have to worry about paying inheritance taxes when his or her parents die because...
Japan Times
Dec 28, 2015
Eat-in areas on the rise in Japan’s convenience stores and supermarkets
In the quest for next-level service, convenience stores and supermarkets are increasingly keen to experiment with "eat-in" lounge areas.
Dec 25, 2015
Budgeting ahead of an election
The Abe administration appears to be sacrificing budgetary discipline in favor of doling out pork ahead of the Upper House election.
Japan Times
Dec 19, 2015
Japanese newspapers' self-interest ensures they toe Komeito's line on tax exemption
The vernacular press has been uncharacteristically unanimous in its support for the exemption of food from the planned consumption tax hike.
Dec 16, 2015
Ruling bloc adopts sales tax reform policies; delays discussion on financing revenue shortfall
Tax reform policies for fiscal 2016 are formally adopted, including rules on food items exempt from the consumption tax hike in 2017.
BUSINESS / Economy
Dec 15, 2015
Delivery, take-out foods to be exempt from tax hike
The Abe administration and ruling parties plan to exempt delivery and takeout food from the upcoming consumption tax hike.
Japan Times
Dec 14, 2015
Abe's tax compromise raises odds of twin summer polls
Abe may now be able to persuade his ally Komeito to agree to a snap Lower House election on the same day as an upper chamber poll.
Dec 9, 2015
Low tax on food will hurt the poor, say economists
Political negotiations between the nation's ruling coalition are approaching a showdown over the unpopular consumption tax, which is set to rise to 10 percent from 8 percent in April 2017. A sweetener being considered has drawn scathing criticism from many economists.
Japan Times
JAPAN / Society
Oct 23, 2015
Prefectures begin mailing 12-digit My Number IDs
About a dozen of Japan's 47 prefectures began Friday to mail 12-digit identification numbers to residents in the country under the new My Number social security and tax number system.
BUSINESS / Economy
Oct 13, 2015
Government considers multiple levels in 2017 consumption tax hike
The government is considering introducing a reduced tax rate for some products to ease the burden when it raises the consumption tax rate by 2 percentage points to 10 percent in April 2017, Chief Cabinet Secretary Yoshihide Suga said Tuesday.


Father's Day is said to have come to Japan around 1950, shortly after the establishment of Mother's Day.
The evolving nature of fatherhood in Japan