Tag - taxes

 
 

TAXES

Japan Times
JAPAN / Politics
Dec 13, 2022
Sanae Takaichi stands by criticism of plan to hike taxes for defense budget
The criticism came after Kishida on Thursday instructed the ruling parties to consider tax hikes to secure some u00a51 trillion to partially cover higher defense spending.
Japan Times
BUSINESS / Economy
Dec 13, 2022
Japan to raise taxes for rich with annual income of ¥3 billion
The government and the ruling coalition plan to offer the superwealthy a tax break for reinvestment of capital gains in startup companies to encourage investment.
Japan Times
JAPAN
Dec 13, 2022
Controversy grows over proposed use of Tohoku funds to cover defense spending
The government is eyeing using a special tax designed to finance reconstruction costs for areas affected by the March 2011 Great East Japan Earthquake.
Japan Times
COMMENTARY / Japan
Dec 13, 2022
The politics of Japan's defense spending
When Japan first imposed the 1% of GDP defense-spending ceiling , the issue has been a matter of politics and any attempt to breach that threshold has been taboo.
Japan Times
BUSINESS / FOCUS
Dec 12, 2022
Kishida's plan to fund higher defense spending faces backlash
The prime minister's suggestion of tax increases hasn't gone down well, even among Cabinet members and lawmakers from his own party.
Japan Times
JAPAN / Politics
Dec 11, 2022
Kishida dismisses using government bonds to finance defense budget hike
The prime minister says government bonds are not an option to cover defense spending increases due to the financial difficulties they would place on future generations.
Japan Times
JAPAN / Politics
Dec 10, 2022
Kishida's tax hike plan to cover defense shortfall draws backlash inside LDP
The blowback to Kishida's plan came to a head at an LDP Policy Research Council meeting, where about 40 of over 50 participants who spoke opposed the plan.
Japan Times
BUSINESS
Dec 9, 2022
Finance chief says Japan's fiscal restoration goal won't change with more defense spending
Shunichi Suzuki rejected calls from some ruling party lawmakers to issue new government bonds for the planned spending, saying that other stable funding sources are necessary.
Japan Times
JAPAN
Dec 8, 2022
Japan's ruling parties eye gradual tax hikes to cover more defense spending
Prime Minister Fumio Kishida has instructed his defense and finance ministers to target around u00a543 trillion in defense spending over the five years until fiscal 2027.
Japan Times
WORLD
Dec 7, 2022
Trump companies are convicted in NY criminal tax fraud trial
It is the first time a Trump business has been convicted of criminal conduct and comes as the former president is running for a second term.
Japan Times
JAPAN / Politics
Dec 6, 2022
Japan to defer tax hikes for defense spending until 2027
The delay is planned in light of economic uncertainties stemming from rising prices, while strong opposition from members of the ruling Liberal Democratic Party to corporate and other tax hikes was also a factor, sources say.
Japan Times
BUSINESS
Dec 4, 2022
Japan cautious on capital gains tax but must stick to increasing defense
Japan PM Kishida told his ministers last month to double the share of military outlay to 2% of gross domestic product within next five years in the face of regional threats.
Japan Times
WORLD
Nov 23, 2022
U.S. Supreme Court clears way for lawmakers to get Trump's tax returns
Trump was the first president in 40 years not to release his tax returns as he sought to keep the details of his wealth and the activities secret.
Japan Times
JAPAN
Nov 22, 2022
Kishida's hunt for cash to fund defense buildup
Alarmed by rising tensions in Ukraine and Taiwan, many in the country want a stronger deterrent, but few in the heavily indebted nation want more taxes to pay for it.
Japan Times
JAPAN
Nov 21, 2022
Panel says public must shoulder burden of strengthening Japan's defenses
The draft proposal rejected relying on government bond issues, and said that 'the burden must be shouldered by the public through a wide range of taxes.'
Japan Times
BUSINESS
Nov 19, 2022
Japan to beef up stock option tax breaks in bid to foster startups
Under the plan, executives and employees at startups will be eligible for a tax preference if they exercise stock options within 15 years after the right is granted.
Japan Times
BUSINESS
Nov 18, 2022
Japan likely to discuss mileage tax as electric vehicles become standard
Amid expectations that more vehicles will run on electricity and hydrogen instead of gasoline, the government will seek a new source of tax revenue that can replace the current tax on fuels.
Japan Times
BUSINESS / Economy
Nov 7, 2022
Japan spent ¥45.5 billion in tax money wastefully in fiscal 2021, government reports
There were 310 reported cases of wasteful spending, the Board of Audit of Japan has said, following a slump in the number of on-site inspections by board staff during the pandemic.
Japan Times
BUSINESS
Nov 6, 2022
Japanese government sounds alarm over U.S. EV tax credits
Eligibility for the credit is 'not consistent' with the shared policy between Tokyo and Washington to build resilient supply chains by working with allies and partners, Japan said.
Japan Times
BUSINESS
Oct 17, 2022
LDP tax head says Japan could hike taxes to fund defense spending rise
Japan has little room left to increase the funding, leaving the country with options such as spending cuts, tax hikes and additional debt issuance.

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