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August 15, 2024
 

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CONSUMPTION TAX

JAPAN
Oct 25, 2013
Tax hike may induce firms to use more temp workers
In what could be an unintended consequence, the sales tax hike set for next April may tempt companies to replace their regular workers with "haken" temporary workers, some tax law experts say.
EDITORIALS
Oct 9, 2013
Risky economic situation ahead
With the sales tax set to rise from 5 percent to 8 percent in April, it is all the more important that businesses strive to improve employment prospects and to raise workers' wages.
Japan Times
BUSINESS
Oct 8, 2013
With 8% hurdle cleared, Aso eyes 10% sales tax
Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent.
BUSINESS / JAPANESE PERSPECTIVES
Oct 6, 2013
Abe should consult father of economics for sage advice on sales tax
Three guesses on who said the following.
Japan Times
BUSINESS / Economy
Oct 3, 2013
Housing market exemptions to offset tax hike impact
The housing market will weather a consumption levy increase because of a tax break on home purchases, according to Mizuho Securities Co. and Morgan Stanley MUFG Securities Co.
Japan Times
BUSINESS / Economy / ANALYSIS
Oct 2, 2013
Households to take hit from tax hike
The consumption tax increase will hit every household in Japan hard, with many people's financial future hanging on whether their wages rise enough to offset the hike's impact.
EDITORIALS
Oct 2, 2013
Consumption tax raise misdirected
Prime Minister Shinzo Abe confirms that the government will raise the sales tax from 5 to 8 percent beginning in April. But will the tax hike lead to an economic downturn
Japan Times
JAPAN / Politics
Oct 1, 2013
April to see sales tax hike, Abe confirms
Prime Minister Shinzo Abe goes ahead with raising the consumption tax while also offering a ¥5 trillion stimulus package to offset the negative impact on consumer spending.
Japan Times
BUSINESS / Economy
Oct 1, 2013
Abe banking on ¥5 trillion in stimulus
Shinzo Abe's future as prime minister may well depend on how well the ¥5 trillion stimulus package cushions the economy from the tax-hike blow.
EDITORIALS
Sep 21, 2013
Questions surround sales tax raise
As the April 2014 consumption tax increase nears, the Abe has yet to come up with a convincing reform plan to reduce people's worries about their lives in the future.
Japan Times
BUSINESS / Economy
Sep 16, 2013
Improved economic signs support consumption tax hike: Hayashi
Given the improving economic climate, the 3-point consumption tax hike should go ahead as scheduled next April, agriculture minister Yoshimasa Hayashi said at a business conference Monday.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.

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