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July 27, 2024
 

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TAXES

Japan Times
JAPAN
Dec 28, 2022
Kishida says election to come before tax hike for defense
Kishida has unveiled plans for a 60% increase in defense spending over five years.
Japan Times
BUSINESS / Companies
Dec 27, 2022
Apple Japan faces ¥14 billion tax bill after treating bulk sales as duty-free
The Tokyo Regional Taxation Bureau found around u00a5140 billion in tax-exempt sales over a two-year period were fraudulent duty-free purchases to be resold for commercial purposes.
Japan Times
BUSINESS / Economy / ANALYSIS
Dec 25, 2022
Japan's focus on defense spending casts doubt on growth
Whether 1.5% growth will be realized depends on corporate wage hikes and the inflation situation.
Japan Times
COMMENTARY / World
Dec 22, 2022
I’ve seen Trump’s tax returns and now you can, too
Former President Trump's questionable practices are hardly news. But these tax returns may point to a bigger question: Did the White House corrupt the IRS?
Japan Times
WORLD / Politics
Dec 22, 2022
Trump’s taxes: Red flags, big losses and a windfall from his father
The congressional Joint Committee on Taxation reviewed the Trump returns and found dozens of red flags that it believed required further investigation.
Japan Times
WORLD
Dec 21, 2022
Trump’s tax records poised for release as Democrats vote
Tuesday's action by the Ways and Means Committee comes one day after Trump was referred for criminal prosecution by another House panel.
Japan Times
JAPAN / Politics
Dec 19, 2022
Poll shows nearly 65% disapprove of tax hikes to cover Japan's increased defense budget
As for the planned increase in defense budgets for five years from the next fiscal year, 53.6% said they oppose it, while 39% said they were in favor of the move.
Japan Times
JAPAN / Politics / FOCUS
Dec 16, 2022
Kishida punts on tax hikes for defense amid backlash from his own party
Kishida, who had been pushing for tax increases in stages, was forced to back off from a specific timetable as opponents press for alternate funding.
Japan Times
BUSINESS / Economy
Dec 16, 2022
Tax reform package takes on defense spending and individual investors
Ruling coalition approves proposal after debate over plan to hike taxes for a bolstered defense budget.
Japan Times
JAPAN
Dec 15, 2022
Same levy, different name: Reconstruction tax to be shifted to defense spending
The ruling Liberal Democratic Party's latest plan to fund a defense budget hike is to create a new defense tax.
Japan Times
COMMENTARY / Japan
Dec 15, 2022
The fight to build up Japan’s military is just beginning
The famously pacifist nation's plans to double defense spending are both welcome and overdue. Now Japan needs to find a way to pay for them.
Japan Times
BUSINESS
Dec 15, 2022
Japan plans higher taxes, but only on small group earning over ¥3 billion
The idea of imposing higher taxes on the wealthy stems from the fact that the tax rate on overall earnings begins to decrease once an individual's income exceeds u00a5100 million.
Japan Times
JAPAN / Politics
Dec 14, 2022
Defense spending debate threatens to divide ruling Liberal Democratic Party
Rather than raising taxes, some LDP lawmakers want the prime minister to issue government bonds.
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's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

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By Alex K.T. Martin

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