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July 17, 2024
 

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TAX

Japan Times
BUSINESS
Aug 25, 2017
For Japan's economy, now is the time to raise sales tax, tackle debt, says business lobby
Japan's current run of economic growth provides a now-or-never opportunity to tackle the nation's debt and forge ahead with plans to increase the sales tax, said Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives (Keizai Doyukai).
COMMUNITY / How-tos / LIFELINES
Aug 20, 2017
On inheritance tax, net banking and retiring in Japan
This week, Lifelines plays catch-up with some useful tips that have come in from readers over the past few months. However, we start off with a follow-up question from reader S.S. in response to last month's column on recent changes in Japan's inheritance tax laws (bit.ly/jtinheritax) It seems S.S. spends...
Japan Times
JAPAN / Politics
Aug 9, 2017
New tax agency chief, apparently wary of Moritomo grilling, to skip debut news conference
The National Tax Agency has said its new chief, Nobuhisa Sagawa, will not hold an inaugural news conference, a tradition that dates back at least a decade.
Japan Times
JAPAN
Aug 7, 2017
Kyoto city government set to pass lodging tax for some visitors
Kyoto hotel bills look likely to rise as a special panel studying a proposed lodging tax hands in its final report to the Kyoto Municipal Government.
Japan Times
COMMUNITY / How-tos / HOME TRUTHS
Aug 6, 2017
Reviving Japan's old shopping arcades
As everyone knows, Japan has an unmanageable surplus of vacant housing. According to the latest government surveys there are more than 8 million unoccupied houses and apartment units in Japan and that number will increase to the point where one in four or five residences will be empty by 2030.
Japan Times
JAPAN / Politics
Aug 5, 2017
Abe reaffirms plan to complete doubling of consumption tax in 2019
Prime Minister Shinzo Abe says his government remains committed to a plan to complete the doubling of the consumption tax to 10 percent in 2019.
WORLD / Politics
Jul 28, 2017
Republicans seen backing Steve Bannon plan for higher tax rate for rich, with tradeoffs
White House chief strategist Steve Bannon's plan to raise the top income-tax rate for America's highest earners could find some support among congressional Republicans as part of a populist message to sell a broader tax overhaul, according to one conservative lawmaker who has heard the proposal.
Japan Times
BUSINESS
Jul 4, 2017
Donations under hometown tax payment program hit record ¥284 billion in 2016
Tax deductible donations to municipal governments under the furusato nozei (hometown tax) payment scheme in fiscal 2016 hit a record ¥284.4 billion, the government said Tuesday.
Japan Times
BUSINESS
Jun 29, 2017
Fiscal 2016 saw Japan's first drop in tax revenue in seven years
The government collected around ¥55.5 trillion ($495 billion) in tax revenue in fiscal 2016, down from ¥56.29 trillion in fiscal 2015, posting the first year-on-year drop in seven years, sources said.
Japan Times
SOCCER
Jun 17, 2017
Ronaldo looking to leave Real Madrid over tax row
Real Madrid forward Cristiano Ronaldo wants to leave the club and Spain after being accused of committing tax fraud in the country, a report in Portuguese sports daily A Bola said on Friday.
Japan Times
BUSINESS
Jun 11, 2017
Japanese individuals and firms named in Panama Papers owe ¥1 billion in taxes
Calculation is first by Japanese authorities of amount owed on undeclared income exposed in leaked documents.
Japan Times
BUSINESS
Jun 9, 2017
Japan's latest economic road map focuses on investment in human resources, retains fiscal goal
The government endorsed a plan Friday to prioritize investment in human resource development to buttress Japan's economic growth and improve its tattered finances.
BUSINESS
May 29, 2017
Japan, Iceland reach basic agreement on tax convention
Japan and Iceland have agreed in principle to sign a convention aimed at eliminating international double taxation and preventing tax evasion, the Japanese Finance Ministry said Monday.
Japan Times
BUSINESS / FOCUS
May 23, 2017
Inheritance tax avoidance, cheap mortgages driving a rental housing bubble
Apartment construction is booming as the wealthy rush to invest in rental housing as a way to reduce inheritance tax and banks hand out easy mortgages, but concerns are mounting that excessive supply paired with a shrinking population could soon lead to the bursting of the bubble.
BUSINESS
Apr 13, 2017
New rules to make spinoffs tax free may unlock potential of Japan's firms
Hedge fund manager Jamie Rosenwald is excited about tax reform, but it has nothing to do with Trump trades.
BUSINESS / Companies
Apr 12, 2017
Sapporo sues government for return of tax money paid on sale of beer-like drink
Sapporo Breweries Ltd. filed a lawsuit Tuesday against the government with the Tokyo District Court seeking a return tax money the company paid on its beer-like alcoholic beverage Goku Zero.
BUSINESS
Mar 27, 2017
Japan manufacturers wary of possible U.S. import tax, survey shows
Manufacturers nationwide are wary of a possible U.S. border tax, with just over half expecting profits to take a hit if the United States slaps a 20 percent levy on imports, a poll showed on Monday.
BUSINESS / Economy
Mar 14, 2017
Nobel economist's ideas seen giving justification to delay Japan's consumption tax hike
Prime Minister Shinzo Abe's administration has a habit of co-opting Nobel Prize-winning economists when it lays the groundwork for contentious policy decisions.
BUSINESS
Feb 14, 2017
Key retail CEOs head to Washington to fight Trump-planned border tax
Chief executives of some of America's largest retailers, including Target Corp. and Best Buy Co. Inc., are headed to Washington this week to make their case that a controversial tax on imports would raise consumer prices and hurt their businesses, according to people familiar with the plan.
WORLD / Politics
Feb 14, 2017
GOP-led U.S. House tax committee won't seek Trump's returns
A congressional tax oversight committee will not seek U.S. President Donald Trump's tax returns, despite calls from Democrats for a review to determine possible business ties to foreign countries including Russia, the panel's Republican chairman said on Monday.
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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