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May 17, 2024
 

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TAXES

Japan Times
BUSINESS
Jun 1, 2020
Pandemic opens door to ideas new and old for a better economy
Governments have already cast aside dogmas at least temporarily to protect companies and jobs in the deepest peacetime recession in almost a century.
Japan Times
BUSINESS
May 28, 2020
Company owned by Zozotown founder Yusaku Maezawa failed to report ¥500 million in income
The company amended its tax report to the Tokyo Regional Taxation Bureau but did not pay additional levies as the undeclared income was offset by losses.
Japan Times
WORLD / Politics
May 25, 2020
Europe’s debt reckoning may mean tough choices on who to tax
As European governments rapidly ramp up borrowing to aid economies, the region's experience of austerity is framing the debate on how to tackle debt.
Japan Times
JAPAN
Apr 22, 2020
In Japan, the perfect tax-deductible gifts: face masks and sanitizers
With supplies of face masks and sanitizers running short amid the COVID-19 pandemic, some municipalities have begun to offer such items as gift incentives as part of the furusato nōzei (hometown tax donation) system rather than local products like meat or fish.
Japan Times
BUSINESS
Mar 22, 2020
Corporate tax refunds mulled for virus-hit companies in Japan
The measure would mainly apply to small and midsize companies that usually are ineligible for such tax relief.
Japan Times
BUSINESS / Companies
Mar 19, 2020
Operator of Muji stores fined for dodging ¥7.5 billion in tax
The operator of the Muji-brand goods store chain failed to pay ¥7.5 billion ($69 million) in income tax in the three years through February 2017, sources close to the matter said Wednesday.
Japan Times
BUSINESS
Mar 18, 2020
Japan local governments' hotel tax plans delayed by spread of COVID-19
An increasing number of local governments in Japan are moving to delay discussions on whether to introduce an accommodation tax, as the hotel industry has been hit by the spread of the new coronavirus.
Japan Times
BUSINESS / Economy
Mar 17, 2020
Tax cut emerging as option in Japan to combat coronavirus impact
The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax.
Japan Times
BUSINESS / Economy
Mar 15, 2020
Japanese Cabinet minister says virus may be worse for economy than 2008 financial crisis
The effect of the new coronavirus on the economy could be worse than the 2008 financial crisis, economic revitalization minister Yasutoshi Nishimura said.
Japan Times
BUSINESS
Feb 24, 2020
No global digital tax by end of 2020 would mean chaos, France says
Failure to reach a global deal on where and how much to tax digital giants such as Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's finance minister said on Sunday.
Japan Times
BUSINESS
Feb 21, 2020
Washington state acts to drop Boeing tax break to head off EU tariffs
Washington state lawmakers moved on Wednesday to remove a key tax break for Boeing Co. and other aerospace firms in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies.
Japan Times
COMMENTARY / Japan
Feb 18, 2020
Take COVID-19, add a trade war and raise taxes: A recipe for disaster
Japan is facing a trifecta of challenges with severe economic consequences.
Japan Times
JAPAN / Media / MEDIA MIX
Feb 15, 2020
Unmarried single parents find an unlikely ally in scrap over tax deduction
The ruling Liberal Democratic Party submitted an amendment to the Diet in January to expand the "widow's deduction" to cover single parents who have never been married. This system allows single parents who have lost spouses to death or divorce to deduct a certain amount of money from their taxable income...
Japan Times
BUSINESS / Economy
Jan 31, 2020
Japan's Cabinet stamps tax reform bills to promote investment in communications businesses and tech startups
The Cabinet approved bills on a tax reform package for fiscal 2020 on Friday in an effort to encourage business investment in advanced communications infrastructure and startups with innovative technologies.
JAPAN
Jan 30, 2020
Osaka Prefecture city's removal from hometown tax scheme ruled valid
A court Thursday ruled that the government acted lawfully in removing a city that offered extravagant gift incentives to attract tax-deductible donations from the furusato nōzei (hometown tax) program, marking a first in the conflict between the central and local governments over the program.
Japan Times
BUSINESS
Jan 21, 2020
Macron and Trump declare a truce in digital tax dispute
French President Emmanuel Macron said Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries will work together to avoid a rise in tariffs.
Japan Times
BUSINESS
Jan 17, 2020
Japan shrinks budget surplus forecast as it grapples with debt mountain
Japan kept unchanged its timing for balancing the primary budget on Friday, but expects to see a much smaller excess than previously thought when it hits a budget surplus, underlining the government's struggle to rein in massive public debt.
Japan Times
ASIA PACIFIC
Jan 16, 2020
In Hong Kong 'collapse,' government falls months behind on collecting taxes
Hong Kong is behind on its taxes.
Japan Times
JAPAN
Jan 13, 2020
Family of Diet member Kunio Hatoyama failed to report ¥700 million inheritance
The family of veteran lawmaker Kunio Hatoyama, who died in 2016, has been found to have failed to declare some ¥700 million in taxable inheritance, according to sources.
Japan Times
BUSINESS / Companies
Dec 24, 2019
Google and Facebook to start locally booking ad revenue in Japan
The move is apparently in response to recent international pressure over the tax-saving measures of technology giants.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Kishida defends planned rule to revoke foreigners' residency
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
Human bone-like objects found at Nippon Steel plant’s molten iron pot, with one worker missing
Police believe it’s highly possible that human bones found in a molten iron pot at Nippon Steel's Oita factory belong to a missing male employee.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.

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