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May 03, 2024
 

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TAXES

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.
Japan Times
BUSINESS
Oct 12, 2022
Local Japan governments eye taxes to prevent deforestation by renewable energy firms
While the use of renewable energy sources is growing, local communities are worried about the environmental destruction the creation of such facilities may cause.
Japan Times
BUSINESS
Oct 3, 2022
U.K.'s Truss forced into humiliating U-turn on tax policy
Just hours after Truss went on television to defend the policy, her finance chief released a statement saying he accepted it had become a distraction.
Japan Times
BUSINESS
Oct 2, 2022
Number of Japan firms levied pro forma tax down 33% from peak level
Government officials believe that a significant number of firms may have reduced their capital to under u00a5100 million, a threshold for imposition of the tax, to evade paying it.
Japan Times
JAPAN / Explainer
Oct 2, 2022
Tax breaks, local specialties: What to know about Japan’s furusato nōzei program
Foreign residents had difficulty taking advantage of the program due to a lack of information in languages other than Japanese — until now.
Japan Times
JAPAN
Sep 28, 2022
New platform encourages Japan's foreign residents to use tax donation programs
The furusato nu043eu0304zei program allows people to give tax payments to prefectures and municipalities in exchange for gifts, but uptake among non-Japanese has been low.
Japan Times
BUSINESS
Sep 23, 2022
Kishida pitches permanent tax-free savings program at New York Stock Exchange
Kishida also said his new capitalism policies should be as powerful as Japanese baseball star Shohei Ohtani, as it could help the Japanese economy achieve 'growth and sustainability.'
Japan Times
JAPAN / Politics
Sep 17, 2022
Japan floats issuance of government bonds and higher taxes to cover defense costs
The government is considering issuing special bonds to achieve a substantial increase in defense spending, with an eye to hiking taxes in the future to pay back the debt.
Japan Times
COMMENTARY / World
Sep 5, 2022
Will the Supreme Court come to rescue of U.S. expats?
The U.S. is unique in tormenting its citizens abroad with tax obligations. But the U.S. Supreme Court could show mercy.
Japan Times
COMMENTARY / World
Aug 24, 2022
A 'sober-curious' generation leaves Japan with a hangover
Should the tax arm of the government be encouraging people to drink, even in moderation?
Japan Times
BUSINESS
Aug 24, 2022
Environment Ministry planning biodiversity conservation tax breaks for fiscal 2023
The move aims to encourage nature conservation efforts by the private sector in order to achieve a G7 goal of protecting at least 30% of land and oceans as healthy ecosystems by 2030.
Japan Times
BUSINESS
Aug 2, 2022
Liquor tax revenue dives in Japan amid pandemic
Both the size of the fall and the rate of decrease were the largest in 31 years since the impact of a drastic revision of the Liquor Tax Law in fiscal 1989.
Japan Times
BUSINESS / Companies
Jul 29, 2022
Toyota’s lobbying blitz gets results in U.S. Senate deal
The auto giant's efforts appear to have paid off, as an electric-vehicle tax credit extension the company had championed made it into a $369 billion climate and energy package.
Japan Times
BUSINESS
Jul 27, 2022
Japan cryptocurrency groups seek tax cuts to halt talent exodus
Two industry associations will ask the government to stop taxing paper gains on cryptocurrency holdings if firms own them for purposes other than short-term trades.
Japan Times
BUSINESS / Economy
Jul 24, 2022
Tax cuts eyed for firms that invest in human resources
Yoichi Miyazawa, chairman of the LDP's tax system commission, on Sunday unveiled a plan to substantially cut corporate tax for companies active on investing in human resources.
Japan Times
BUSINESS
Jul 1, 2022
Japan's average land price up 0.5% in rebound from pandemic hit
While 20 of the country's 47 prefectures have seen increases, 13 more than in 2021, prices have continued to fall in others.
Japan Times
BUSINESS / Economy
Jun 21, 2022
Tax reform key for Japan’s ¥10 trillion startup push, says head of ruling party group
The government is set to put together a five-year plan by the end of 2022 that will seek to increase money going to startups tenfold.
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.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'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.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
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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