Tag - taxes

 
 

TAXES

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.
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 / 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
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
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
BUSINESS
Dec 17, 2019
Germany to raise carbon emission price to €25 per metric ton in 2021 after pressure, sources say
Germany will raise the price for carbon dioxide emissions from transport and heating buildings to €25 ($27.56) per metric ton from 2021 after a proposed €10 price tag was criticized for being too low, government sources said on Monday.
Japan Times
BUSINESS / Companies
Dec 9, 2019
LDP plans tax breaks to help spread 5G networks
The Liberal Democratic Party's tax panel is planning to give preferential tax treatment to mobile phone carriers and others to help spread fifth-generation, or 5G, high-speed wireless communications services.
Japan Times
JAPAN / Politics
Dec 7, 2019
Japanese government may offer companies 25% tax break on investment in startups
The government and ruling coalition plan to allow companies to deduct 25 percent of the amount they invest in startups from their taxable income, informed sources said Friday.
BUSINESS
Dec 5, 2019
Japan considering tax breaks for firms that invest ¥10 million in startups
Government and ruling coalition officials are considering giving tax breaks to small and midsize companies that invest ¥10 million or more in startups, sources familiar with their discussions said Wednesday.
Japan Times
WORLD
Dec 5, 2019
Report from Exxon Mobil-owned firm in 1991 shows the cost of curbing CO2
Back in 1991, when climate policy was in its infancy, an Exxon subsidiary came to a startling and prescient conclusion about how to curb carbon-dioxide emissions that cause global warming: It would require a heavy price on carbon dioxide pollution before the companies creating emissions would change,...
BUSINESS
Nov 22, 2019
Japan's ruling coalition begins discussions on tax reform
The ruling coalition started full discussions Thursday on tax system reforms for fiscal 2020, including proposed incentives for corporate investment and support for unmarried single parents.
Japan Times
WORLD / Politics / ANALYSIS
Nov 22, 2019
Jeremy Corbyn has a radical Labour message. Can he sell it to Britain?
Jeremy Corbyn pulled no punches as he presented the country with his plan for a Labour government, the most radical proposed since 1983, when the party suffered its worst postwar defeat.
Japan Times
WORLD / Crime & Legal
Nov 22, 2019
House panel urges U.S. Supreme Court not to protect Trump financial records
A Democratic-led House of Representatives committee on Thursday urged the U.S. Supreme Court not to prevent President Donald Trump's longtime accounting firm from handing over his financial records that have been subpoenaed by lawmakers.
BUSINESS
Nov 21, 2019
Japan to allow tax-free shopping at vending machines that recognize faces and passports
The government and ruling coalition are planning to allow tax-free shopping for purchases at specific vending machines in a bid to spur spending by foreign tourists, sources said Wednesday.
Japan Times
WORLD
Nov 17, 2019
Yellow vest protesters mark anniversary with violence in Paris
Demonstrators torched cars and pelted police with stones and bottles and police fired tear gas and water cannons in Paris on Saturday as rallies to mark the first anniversary of the anti-government yellow vest demonstrations erupted into violence.
Japan Times
BUSINESS / Economy
Nov 11, 2019
Japan mulls scrapping tax break for big firms that wine and dine clients
The administration of Prime Minister Shinzo Abe is considering ending a special tax break for wining and dining expenses at large companies at the end of fiscal 2019, informed sources said.

Longform

The byzantine process for converting a foreign driver’s license into a Japanese one entails mountains of paperwork and significant stamina — unless you're a lucky license holder from a country or region where these requirements are waived.
Driving in Japan isn’t hard. Getting the license is.