Tag - tax

 
 

TAX

BUSINESS / Economy
Nov 29, 2013
¥1, ¥5 coin output resumes for tax
The Finance Ministry is considering resuming production of ¥1 and ¥5 coins for circulation in fiscal 2014 in anticipation of increased need when the consumption tax is raised to 8 percent next April, officials said.
Japan Times
BUSINESS / Economy
Nov 28, 2013
Tax-free gifts unlocking retiree savings
Shoko Iwasaki looked for years for a tax-free way to pass down a lifetime of savings to her grandson. Prime Minister Shinzo Abe has offered the 71-year-old an answer with a program now helping unlock pensioners' hoarded wealth.
COMMENTARY / World
Nov 19, 2013
A pragmatic way to reduce emissions
A carbon tax could not only cut emissions but also reduce budget deficits and enhance energy security.
BUSINESS / Economy
Nov 19, 2013
OECD expects sales tax hikes to hurt economy
The economy will stall for the next few years against the backdrop of the planned two-stage sales tax hike, the OECD projects in a biannual report.
BUSINESS / Economy
Nov 19, 2013
Amari orders stimulus to offset tax hike
Economic and fiscal policy minister Akira Amari on Tuesday urged ministries and agencies to cooperate in finalizing by early December an economic stimulus package aimed at easing the negative impact of next year's sales tax hike.
Japan Times
BUSINESS
Nov 14, 2013
Ibaraki to change nuke tax amid shutdown
The Ibaraki Prefectural Government plans to change its nuclear fuel tax system to secure revenue even though reactors remain shut down in light of the Fukushima disaster, sources said Thursday.
Japan Times
JAPAN
Oct 31, 2013
Cash users to take brunt of fare hikes
Rail and bus operators will raise fares for cash and smart-card users to reflect the 3-point consumption tax hike set for April 1, but they are split over how much to raise the fares.
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.
BUSINESS / Markets
Oct 12, 2013
Aso says G-20 finance heads praised sales tax increase to tame fiscal debt
The Group of 20 finance leaders appreciated Japan's decision to hike the sales tax to restore its public finances, Finance Minister Taro Aso says.
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.
BUSINESS
Oct 9, 2013
IMF cuts Japan growth estimate
The International Monetary Fund on Tuesday slashed its global economic growth projections for the year, saying the Japanese economy will slow down due to factors such as the planned sales tax hike next April.
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.
Japan Times
JAPAN / Politics
Oct 2, 2013
Support rate for Abe Cabinet rises to 63.3%: Kyodo poll
The approval rating for Prime Minister Shinzo Abe's Cabinet stands at 63.3 percent, up from 61.8 percent last month, a Kyodo News survey showed Wednesday, despite the government's recent decision to raise the politically sensitive sales tax.
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
BUSINESS / Economy
Oct 2, 2013
Abe trying to strike a delicate balance
When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time.
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.

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