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July 17, 2024
 

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TAX

Japan Times
BUSINESS / Economy
Jan 23, 2018
Japanese companies expect strong run of economic growth but are more wary than market estimates
Nearly three-quarters of companies expect the economy to keep expanding at least another year, extending an already strong run, although they were not as bullish as market estimates, according to a Reuters poll.
Japan Times
BUSINESS
Dec 29, 2017
New York governor says new U.S. tax code may be unconstitutional by violating equal protection
The new U.S. tax code targets high-tax states and may be unconstitutional, New York Gov. Andrew Cuomo said on Thursday, saying the bill may violate New York residents' rights to due process and equal protection.
Japan Times
JAPAN
Dec 22, 2017
Japanese government vows to use departure tax revenue only to promote tourism
The government vows to use revenue from the looming departure tax only to promote tourism, after concerns are voiced that the windfall could be diverted.
Japan Times
JAPAN / EXPLAINER
Dec 18, 2017
Japan set to bank ¥40 billion per year for tourism sector with new departure tax
From January 2019 Japan is set to impose a ¥1,000 tax on everyone departing the country, to secure funding for tourism infrastructure and promotion amid record-breaking arrivals of international travelers.
BUSINESS / Economy
Dec 18, 2017
Japan's FY 2018 budget likely to set record for sixth straight year at around ¥97.7 trillion
The government's draft budget for fiscal 2018 is expected to total ¥97.7 trillion ($868 billion) — a record high for the sixth straight year — due in large part to swelling social security and defense spending, according to government sources.
Japan Times
JAPAN / Politics
Dec 14, 2017
High earners, smokers and tourists to see higher levies under planned fiscal 2018 tax reforms
The ruling Liberal Democratic Party-Komeito coalition's fiscal 2018 tax reform plan features increased taxes for high-income earners and smokers, as well as a controversial departure tax targeting tourists leaving Japan.
Japan Times
BUSINESS / Economy
Dec 7, 2017
GOP cuts to homeowner tax breaks threaten to cost Republicans in 2018 races, hit property values
Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
Japan Times
BUSINESS
Dec 6, 2017
EU rubber-stamps tax haven blacklist as it goes after 'digital giants'
The European Union agreed on a tax blacklist of 17 countries that could potentially face sanctions for failing to bring their standards in line with the bloc, as it seeks to further step up its fight against opaque practices that facilitate avoidance by multinationals and individuals.
EDITORIALS
Dec 5, 2017
Craft income tax reforms carefully
The nation's income tax system should be adjusted to adapt to the diversification of the ways in which people now work.
Japan Times
COMMENTARY / World
Dec 4, 2017
Beware a U.S. economic boom — really
U.S economic history suggests that a boom economy now could create bigger problems down the road.
Japan Times
WORLD / Politics
Nov 28, 2017
Trump and Senate Republicans prepare for showdown over tax cuts as planned vote looms
President Donald Trump was to meet with Senate Republican tax-writers on Monday at the White House to scope out an end-game strategy for sweeping tax legislation, ahead of a crucial vote on the Senate floor that could come as early as Thursday.
BUSINESS
Nov 20, 2017
Lobbyists of every stripe swarming U.S. Congress to protect their interests in GOP-led tax legislation
Recreational vehicle retailers from across the country were sipping morning coffee at a convention in Las Vegas earlier this month when word whipped through the hotel's "dealers' lounge" that the U.S. Congress was considering tax law changes threatening their businesses.
Japan Times
WORLD / Politics
Nov 17, 2017
Trump cheers on House GOP ranks as they pass tax bill seen favoring rich and dooming vital deductions
The U.S. House of Representatives approved a broad package of tax cuts affecting businesses, individuals and families on Thursday, moving Republicans and President Donald Trump an important step closer to the biggest tax code overhaul in a generation.
Japan Times
WORLD / Politics
Nov 16, 2017
Two Senate Republicans oppose party's tax plan, posing headwinds for Trump
A Senate Republican tax plan that would repeal the Obamacare mandate and give permanent tax cuts only to U.S. corporations drew fire from two Republican lawmakers on Wednesday in what could be a sign of trouble for the sweeping measure.
Japan Times
BUSINESS
Nov 13, 2017
Tokyo pushes back on 'bizarre' death tax that deters expats
Considering a work stint in Japan? You'd better make it short, and you'd better stay alive.
Japan Times
WORLD / Politics
Oct 30, 2017
GOP-led Congress under fire as secrecy-shrouded Trump tax overhaul seen targeting coveted deductions
President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes.
Japan Times
BUSINESS
Oct 27, 2017
GOP-led U.S. House narrowly passes measure paving way for Trump's deep tax cuts seen favoring rich
The U.S. House of Representatives helped pave the way on Thursday for deep tax cuts sought by President Donald Trump and Republican leaders, but barely overcame a revolt within party ranks that could foreshadow trouble ahead for the tax overhaul.
Japan Times
JAPAN
Oct 26, 2017
Unclaimed land to cost Japan ¥6 trillion and extend to 90% size of Hokkaido by 2040
Economic losses due to the neglect of unclaimed land could reach u00a56 trillion in about 20 years, according to research analysis.
Japan Times
BUSINESS
Oct 26, 2017
Shades of Obamacare repeal bid as secrecy also shrouds Republicans' tax overhaul and blanks aren't filled in
Congress is trying to ram through a bill that would reshape the U.S. economy in just a few short weeks, but its leaders have kept the plan shrouded in secrecy and released not a word of legislative text.
Japan Times
JAPAN
Oct 25, 2017
Japan eyes tobacco tax hike to cover revenue shortfall after consumption levy is raised
To make up for the loss of revenue when levies on certain necessities are lowered when the consumption tax is raised, the government may hike the tobacco tax, sources said Tuesday.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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