Tag - tax

 
 

TAX

EDITORIALS
Dec 15, 2015
The consumption tax mess
It's questionable whether the government's plan to introduce a lower tax rate on food products is the best way to help lower-income households.
BUSINESS / Economy
Dec 15, 2015
Delivery, take-out foods to be exempt from tax hike
The Abe administration and ruling parties plan to exempt delivery and takeout food from the upcoming consumption tax hike.
Japan Times
JAPAN
Dec 14, 2015
Kumamoto Airport first to open one-stop tax refund counter
In response to the nation's steadily growing influx of foreign tourists, Kumamoto Airport on Monday became the first in the nation to open a dedicated one-stop counter for tax refunds on items purchased on the premises.
Japan Times
BUSINESS
Dec 14, 2015
Abe's tax compromise raises odds of twin summer polls
Abe may now be able to persuade his ally Komeito to agree to a snap Lower House election on the same day as an upper chamber poll.
BUSINESS / Economy
Dec 12, 2015
Ruling coalition clinches deal on food tax rate
The Liberal Democratic Party and Komeito finalized plans to apply a lower sales tax rate to food purchases, a measure that will cost u00a51 trillion in revenue.
BUSINESS
Dec 11, 2015
Government unlikely to detail revenue-recovery plan for sales tax hike exemptions: Aso
The government and ruling parties do not plan to specify ways to make up for a state revenue loss as a result of a lower tax rate on certain foods when the sales tax is hiked in 2017, Finance Minister Taro Aso indicated Friday.
JAPAN / Politics
Dec 11, 2015
Sales tax on food items to stay at 8% after 2-point 2017 increase, ruling bloc agrees
Japan's ruling parties broadly agreed Thursday to exempt food products from the planned consumption tax hike in 2017, lawmakers said, in an attempt to ease the burden on consumers as slow growth in household spending has weighed on the economy.
BUSINESS / Economy
Dec 10, 2015
Ruling parties approve tax changes, but have yet to define food eligible for low rate
Marathon tax-reform negotiations between the ruling coalition partners concluded Thursday with negotiators agreeing to reduce consumption tax on food, officials said.
BUSINESS
Dec 9, 2015
Low tax on food will hurt the poor, say economists
Political negotiations between the nation's ruling coalition are approaching a showdown over the unpopular consumption tax, which is set to rise to 10 percent from 8 percent in April 2017. A sweetener being considered has drawn scathing criticism from many economists.
BUSINESS
Dec 5, 2015
Government, ruling bloc eye slashing corporate tax rate to 29.74% for fiscal 2018
The government and ruling bloc plan to slash the effective corporate tax rate to 29.74 percent in the fiscal year starting April 2018 from the current 32.11 percent, sources said Friday.
BUSINESS
Nov 30, 2015
Auto production dipped 0.5% in October
Vehicle production dropped 0.5 percent in October to 813,110 units from a year ago, as demand for minivehicles remained sluggish amid the lingering effects of tax hikes, data by an industry body showed Monday.
BUSINESS
Nov 30, 2015
Japan may end business tax break for solar installs, Nikkei says
The ruling Liberal Democratic Party is reportedly seeking to halt funding for the lion's share of a ¥70 billion renewable energy program by removing tax breaks for companies that install solar panels to sell power.
Japan Times
BUSINESS / Economy
Nov 24, 2015
Abe wants to keep revenue loss from tax reduction to less than ¥400 billion
Prime Minister Shinzo Abe orders his team to work toward designating fresh food as the only category subject to lower tax rates when the consumption tax goes up to 10 percent in 2017.
Japan Times
BUSINESS
Nov 24, 2015
Clinton hits $160 billion Pfizer 'inversion' deal with Allergan, says taxpayers left holding the bag
Democratic presidential front-runner Hillary Rodham Clinton attacked Pfizer Inc.'s plan to move its tax address to Ireland through a merger with Allergan PLC, saying it would hurt U.S. taxpayers and urging a crackdown on such deals.
BUSINESS / Economy
Nov 12, 2015
Abe aims to cut corporate tax 'below 30%'
Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages.
BUSINESS / Economy
Nov 4, 2015
Consumer confidence rises in October amid cheaper gasoline
Consumer confidence improved in October on the back of lower gasoline prices and more job offers, following a decline the previous month.
BUSINESS
Nov 2, 2015
Administration mulls cutting corporate tax rate below 31%
The Abe administration is considering cutting the corporate tax rate from the current 32.11 percent to below 31 percent from fiscal 2016, according to sources.
BUSINESS
Nov 2, 2015
Japan's auto sales fall 4.1% in October for 10th monthly drop
New car sales in October slid 4.1 percent from a year earlier to 380,089 units, data showed Monday, as consumers held off on buying minicars in the face of an ownership tax hike earlier this year.
BUSINESS
Oct 25, 2015
Government looks to scale back tax break for eco-cars
The government plans to extend a tax break for purchases of environmentally safer vehicles by a year through fiscal 2016, but apply it to a narrower scope of cars, according to sources close to the matter.
Japan Times
BUSINESS / Economy
Oct 14, 2015
Abe orders reduced rates to cushion blow from 2017 tax hike
The prime minister instructs the new tax panel chief to introduce special reduced tax rates for certain products in time for the planned April 2017 consumption tax hike.

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'