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May 03, 2024
 

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TAXES

Japan Times
EDITORIALS
Jun 16, 2023
Budgets are the real test of Kishida’s leadership
For the government to balance the budget while increasing spending on defense, child care and the elderly will require hard choices.
Japan Times
JAPAN / Politics
Jun 13, 2023
Japan delays possible tax hike period for defense, draft documents show
Japan has set ¥6.8 trillion for defense spending in this fiscal year, jumping from last year’s ¥5.4 trillion.
Japan Times
COMMENTARY / World
Jun 6, 2023
Debt debacle confirms what many thought of the U.S.
China is the chief beneficiary of the U.S. debt ceiling nonsense. Doubts about U.S. trustworthiness spur governments to look elsewhere for leadership and stability.
Japan Times
COMMENTARY / World
Jun 6, 2023
Flight of affluent taxpayers catches up with New York
The latest personal income tax data from New York shows the state bringing in less revenue than it did before the pandemic, which could hamper its ability to pay its bills.
Japan Times
JAPAN
Jun 1, 2023
Japan's fiscal 2022 tax revenue likely hit record, may reach ¥70 trillion
The rising trend reflects an increase in consumption tax revenue amid the rising prices of goods.
Japan Times
EDITORIALS
May 26, 2023
Inexplicable debt debate undermines U.S. power and status
The U.S. secretary of the Treasury says the American government will hit the current debt ceiling on June 1. If it is not lifted, it will run out of money and be unable to pay its bills.
Japan Times
JAPAN
May 23, 2023
Japan considers revamping tax-free shopping rule to stem illicit resales
In Japan, travelers are exempted from paying the consumption tax when purchasing goods totaling ¥5,000 or more as long as they intend to use the items in their home countries.
Japan Times
JAPAN
May 23, 2023
Kishida rules out tax hikes to fund more child care spending
Kishida places priority on boosting child-rearing support, seeing dwindling births as a 'national crisis.'
Japan Times
JAPAN
May 7, 2023
80% in Japan oppose tax hike plan to cover defense spending, poll finds
The unwillingness to accept tax hikes to cover defense outlays comes despite 53% saying they are 'extremely concerned' over China taking military action against Taiwan.
Japan Times
JAPAN
Apr 30, 2023
Outlook uncertain for Japan's mileage-based auto tax idea
Some in the automotive industry, which fears that a further increase in the burden on drivers would cause a further shift away from vehicle ownership and driving, have protested the idea.
Japan Times
JAPAN / Politics / FOCUS
Mar 30, 2023
As parliament debates kick into high gear, all eyes are on Kishida’s signature policies
The prime minister and his administration will now focus on some of his key legislative issues, including energy, defense and asylum programs.
Japan Times
ASIA PACIFIC
Mar 30, 2023
Taiwan is pushing Biden for a tax deal that could infuriate China
Taiwanese officials are pushing hard for an agreement to eliminate the burden of double taxation, but the U.S. can't sign a treaty to do so amid concerns of angering Beijing.
Japan Times
BUSINESS / Economy
Mar 28, 2023
U.S. and Japan strike deal on supply of minerals for EV batteries
EVs that use materials that have been collected or processed in Japan will be eligible for incentives under the U.S. Inflation Reduction Act, Japan's trade minister said.
Japan Times
COMMENTARY / World
Mar 24, 2023
Should the government get to spend your pension savings?
There’s a feeling in the U.K. that it isn’t right for pension money to sit around when there are socially meaningful things it could be doing instead.
Japan Times
JAPAN
Mar 23, 2023
Kyoto to introduce Japan's first empty homes tax
The new tax, set for introduction in 2026 at the earliest, aims to boost the property market amid an exodus of young people struggling to secure housing in the city.
Japan Times
BUSINESS
Mar 22, 2023
U.S. to include Japan-provided materials in EV tax credit scheme
Under the changes, the U.S. will relax the rules to allow EVs to contain key minerals provided by Japanese companies, despite Tokyo not holding a free trade agreement with Washington.
Japan Times
BUSINESS
Mar 11, 2023
Keidanren to seek tax use for raising Japan's birthrate
The country's top business lobby is calling for 'the best mix' of financial resources, including taxation, social insurance premiums and government bonds, together with spending reforms.
Japan Times
WORLD
Mar 10, 2023
Biden's $6.8 trillion budget challenges Republicans and raises taxes on rich
The president challenged Republican opponents on fiscal responsibility, highlighting plans to cut U.S. deficits nearly $3 trillion over 10 years by raising taxes on high earners.
Japan Times
JAPAN / Politics / FOCUS
Mar 9, 2023
Ten years on, reconstruction tax continues to stir debate
Critics have increasingly pointed out misuse of the budget, resulting in growing demands across the political spectrum for stricter criteria for allocating funds.
Japan Times
JAPAN
Mar 8, 2023
Nine social media influencers in Japan slapped with fines for back taxes
The nine influencers, all of them women and most of whom are in their 30s, failed to declare about ¥300 million in total in taxable income in the six years through 2021, sources said.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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