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May 07, 2024
 

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U S TAXES

Japan Times
JAPAN
Dec 5, 2021
Japan will no longer allow foreign students to buy duty-free goods
As part of tax reforms, the government plans to narrow the eligibility of duty-free purchases to tourists and those with a short-term visa of 90 days or less.
Japan Times
BUSINESS / FOCUS
Dec 5, 2021
Global tax deal leaves billion-dollar loopholes, analysis finds
Some companies could still use Ireland to reduce their tax bills even after the agreement takes effect, according to tax specialists and a review of corporate filings.
Japan Times
BUSINESS
Dec 5, 2021
48% of Japan firms to raise wages even without more tax incentives, survey shows
A survey by Teikoku Databank Ltd. indicates that more managers are prioritizing higher wages to attract and retain workers amid the country's longtime labor shortage.
Japan Times
COMMENTARY / World
Nov 24, 2021
Will a wealth tax affect Singapore’s rivalry with Hong Kong?
Singapore wants to take a different path from Hong Kong and may turn to some kind of tax on capital — perhaps as early as next year's budget.
Japan Times
COMMENTARY / World
Nov 23, 2021
Rich countries’ double standards on taxation
By refusing to pay their fair share of taxes, the world's wealthiest actors rob poorer countries of the revenue they desperately need to confront the pandemic.
Japan Times
BUSINESS / ANALYSIS
Oct 30, 2021
Amid inequality debate in Japan, capital gains tax hike may have unintended effect
Middle-class investors would likely end up paying a larger share than the rich, undercutting the goal of redistributing wealth.
Japan Times
COMMENTARY / World
Oct 29, 2021
To tax billionaires, democrats should keep it simple
Instead of taxing the wealthiest each year on their assets, as has been proposed, Biden's original plan would tax them upon their death.
Japan Times
BUSINESS / FOCUS
Oct 27, 2021
Xi’s toughest ‘common prosperity’ test is raising China’s taxes
Hiking taxes wouldn't seem difficult in the one-party state. But the Communist Party is sensitive to public opinion, and taxes are as politically fraught in China as anywhere else.
Japan Times
BUSINESS / Economy
Oct 14, 2021
G20 finance chiefs back landmark tax deal and vow to act over inflation
The plan for the once-in-a-century corporate tax reform crystallized through international negotiations at the Organization for Economic Cooperation and Development.
Japan Times
BUSINESS
Oct 11, 2021
Kishida says no plan to alter capital-gains and dividend taxes
Kishida, who has vowed to rectify wealth disparities, had previously said reviewing those taxes would be an option in addressing income gaps.
Japan Times
BUSINESS / Economy
Oct 8, 2021
New Japanese finance chief faces dilemma: Spend more or repair fiscal health
Finance Minister Shunichi Suzuki will be forced to balance Kishida's spending plans with the nation's poor fiscal health.
Japan Times
COMMENTARY / World
Oct 8, 2021
Pandora Papers show the rich will always find a way
For all the revelations about the shadow global financial system for the wealthy since the ICIJ's first revelations in 2013, it's striking how little has changed.
Japan Times
WORLD
Oct 5, 2021
Pandora Papers: World leaders deny wrongdoing after dump of purported secrets
The International Consortium of Investigative Journalists said the files are linked to about 35 current and former national leaders.
Japan Times
JAPAN
Oct 4, 2021
1,000 people and firms in Japan linked to tax havens in leaked documents
The files, dubbed the 'Pandora Papers,' reveal high-profile figures' use of tax havens at a time when managing wealth through offshore tax shelters has drawn criticism worldwide.
Japan Times
BUSINESS / Economy / ANALYSIS
Sep 21, 2021
Higher taxes are coming. For markets, that could be a good thing.
Global indebtedness sits at nearly $300 trillion, with $4.8 trillion added in the second quarter of 2021 alone.
Japan Times
JAPAN
Aug 31, 2021
Japan's fiscal 2022 budget requests hit record of over ¥111 trillion
The initial budget looks likely to set an all-time high for the 10th straight year, fueling concern over the further deterioration of Japan's fiscal health.
Japan Times
OLYMPICS
Aug 7, 2021
To the Olympic victors go the spoils — and for Americans, maybe a tax bill
Medals are not the focus of the IRS. Rather, it's the prize money the U.S. Olympic & Paralympic Committee awards its medalist as well as the lucrative endorsement contracts.
Japan Times
COMMENTARY / World
Aug 4, 2021
A big step forward for global tax justice
Europe must demonstrate that multilateral action can deliver for all if every country invests in it. And the new global tax agreement does just that.
Japan Times
BUSINESS / Economy
Jul 22, 2021
Japan may attain fiscal health in 2027 due to tax revenue rise
The country's primary balance is expected to turn black in fiscal 2027 with a surplus of about u00a51.8 trillion ($16.4 billion) under the most optimistic scenario.
Japan Times
JAPAN / Crime & Legal
Jul 10, 2021
'Demon Slayer' animation studio and president indicted for tax evasion
According to the indictment, Hikaru Kondo evaded a total of around u00a5109 million in corporate taxes by understating the company's income.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.

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