Tag - taxes



Japan Times
Jun 9, 2014
Detroit rolls dice on casino-led comeback
Detroit's reliance on casino cash to help fund a recovery from the city's historic bankruptcy is a high-risk bet on an increasingly shaky source of income.
Japan Times
May 26, 2014
Aso complains his taxes shouldn't be used to fund health costs of 'lazy'
Blue-blooded Finance Minister Taro Aso stirs up a debate on social welfare costs by complaining it's unfair his taxes are financing the medical costs of lazy people.
May 24, 2014
Japan Times chairman paid hefty back taxes
Nifco Inc. Chairman Toshiaki Ogasawara paid more than ¥100 million in back taxes in 2012 after failing to declare ¥1 billion in income, his tax accountant says.
May 17, 2014
Casino gambling bad bet in Japan
Letting the gambling industry operate in Japan would be a terrible bet, as the bulk of gambling tax revenue would be offset by expenditures for treating addictions and fighting crime.
May 6, 2014
U.S., Singapore reach agreement on tax evasion
Singapore has reached an agreement with the United States on sharing tax information under a new law meant to combat offshore tax-dodging by Americans, a U.S. Treasury Department spokeswoman said on Monday.
Apr 21, 2014
Panel urges corporate tax rate cut
Cutting the corporate tax rate would help double foreign direct investment by 2020, a government panel said Monday.
Japan Times
BUSINESS / Companies
Apr 9, 2014
Corporate America's offshore cash pile rises to $2.1 trillion: study
Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, a private research firm's said in a report, prompting a call for reform by the Senate's top tax law writer.
Mar 3, 2014
Detroit bankruptcy prods other cities to target pensions
Local officials in at least 10 states are trying to cut pensions of municipal workers, or eliminate defined-benefit plans, pointing to Detroit as a symbol of the peril of growing retirement costs.
Japan Times
Feb 12, 2014
Nagoya: What do you think about the April sales tax increase and how will it affect you?
Denizens of the Chubu capital offer their tuppence-worth on the impending 3-percent consumption tax hike to 8 percent from the start of the fiscal year.
Feb 7, 2014
'Cove' to become 'aquatic nook' as Abe takes aim at improper eigo
Some say that Shinzo Abe's latest proposed tax increases, part of the 'fourth arrow' in his popular 'Abenomics' policy, are going a step too far. Dubbed the 'language tax,' the new levy is aimed at word usage.
WORLD / Society
Dec 28, 2013
Legalizing pot could save California hundreds of millions every year
A proposed ballot measure that would legalize possession, use, growth and cultivation of marijuana would save the state of California hundreds of millions of dollars a year, according to a summary issued Thursday by the state attorney general's office.
Japan Times
WORLD / Politics
Dec 19, 2013
Senate passes deal to avoid new shutdown
Congress declared a holiday truce in the budget wars Wednesday, sending President Barack Obama a blueprint for funding the government through 2015. But the next skirmish was already on the horizon: an election-year fight over the national debt.
Japan Times
Dec 18, 2013
Tokyo: If you could be prime minister for a day, what would you do?
Top concerns for would-be PMs around the metropolis: Fukushima, demographics, women in the workplace, the consumption tax, education, energy, English — and beer.
Dec 14, 2013
A fair division of tax revenues
The central government should try to work out a permanent system of distributing prefectural corporate taxes to local governments that will help stabilize local revenue and decentralize administrations.
Japan Times
Dec 3, 2013
For e-book sellers, tax hike distorts field
Japanese publishers and distributors of electronic books are increasingly alarmed by the upcoming consumption tax hike in the absence of a system to tax e-books and other digital content purchased from overseas vendors such as the U.S.-based Internet giant Amazon.com Inc. and Japanese online vendor Rakuten Inc.'s Canada unit.
Nov 29, 2013
IRS rules on nonprofits foster debate on advocacy groups in politics
For the first time since 1959, American nonprofit advocacy groups face new Internal Revenue Service rules governing their political activities, an area of the tax code that has been crying out for greater clarity.
Oct 25, 2013
IRS contractors owe millions in back taxes: U.S. report
In his second report criticizing the Internal Revenue Service this week, the U.S. Treasury Department's inspector general said the agency's contractor employees owe millions of dollars in back taxes — even though its own workers must submit their tax payments on time.
WORLD / Politics
Oct 21, 2013
How much did the shutdown cost? Billions
Shutdowns aren't cheap. This year's closure, which ended Thursday, has probably cost the government and the economy billions of dollars, according to economists and policy analysts.
Oct 17, 2013
U.S. debt deal sets up new risks to growth
The deal reached by Congress on Wednesday to end the government shutdown and raise the debt ceiling would avert a financial catastrophe but leave the weakened U.S. economy facing new threats.
Japan Times
WORLD / Politics
Oct 13, 2013
Senate opens talks on end to shutdown
Senate leaders began negotiations Saturday aimed at reopening federal agencies and avoiding a government default after every other effort to end Congress' impasse crumbled in the previous 48 hours.


Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on