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July 17, 2024
 

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TAX

Japan Times
BUSINESS / Economy
Jun 11, 2014
Stand firm on 10% sales tax, Noda warns Abe
Prime Minister Shinzo Abe risks triggering market turmoil should he fail to raise the consumption tax to 10 percent next year, his immediate predecessor warned.
BUSINESS
Jun 10, 2014
Abe vows to bolster 'earning power' of domestic companies
Prime Minister Shinzo Abe's government is pledging to bolster the “earning power” of Japanese firms by cutting the corporate tax rate and promoting deregulation.
Japan Times
BUSINESS / Economy
Jun 7, 2014
'Bad inflation' shadows Japan
Two months after the sales tax hike, Japan risks triggering 'bad inflation,' a toxic combination of declining demand and rising prices.
Japan Times
BUSINESS / Economy
Jun 3, 2014
Abe, LDP agree to cut corporate tax rate from fiscal 2015
Prime Minister Shinzo Abe and his ruling Liberal Democratic Party's tax panel agreed Tuesday to cut Japan's corporate tax rate from fiscal 2015 on the condition that the government continues efforts to restore the country's precarious public finances.
Japan Times
BUSINESS / Economy
May 31, 2014
BOJ steps up growth 'rhetoric'
Japan's risk of spurring inflation without boosting the nation's growth potential is raising the stakes for Prime Minister Shinzo Abe's next round of economic restructuring measures, due in June.
BUSINESS
May 27, 2014
LDP panel puts aside public finance woes, set to OK Abe corporate tax cut
The ruling Liberal Democratic Party's tax panel is likely to agree to Prime Minister Shinzo Abe's plan to cut the corporate tax rate, as long as he pledges to continue efforts to restore the country's fiscal health, LDP lawmakers said on Tuesday.
Japan Times
JAPAN / EXPLAINER
May 26, 2014
Spousal tax break targeted to get wives out of house
The government is considering cutting a tax benefit that critics say deters wives from seeking full-time employment, as part of efforts to spur the economy.
JAPAN
May 24, 2014
Japan Times chairman paid hefty back taxes
Nifco Inc. Chairman Toshiaki Ogasawara paid more than ¥100 million in back taxes in 2012 after failing to declare ¥1 billion in income, his tax accountant says.
JAPAN
May 23, 2014
Government appeals IBM tax refund
The government has appealed a court ruling that ¥120 billion in taxes and penalties paid by the IBM Japan group should be refunded because regulators wrongfully believed the company abused tax consolidation regulations.
EDITORIALS
May 18, 2014
Boosting the female workforce
The Abe administration is pushing for a review of household tax and social security benefits under the belief that current rules discourage many women from participating in the labor force — even as the nation faces a steep decline in its working-age population.
BUSINESS / Economy
May 16, 2014
Task force seeks corporate tax cut, broader base
A government task force said Friday that the corporate tax rate should be cut but that the number of paying companies should be expanded, emphasizing that the current system is limited only to some profitable firms.
Japan Times
BUSINESS / Economy
May 15, 2014
GDP jumps to 5.9% on tax hike in first quarter
The Japanese economy climbed to its fastest pace since 2011 as companies invested more and consumers raced to beat the first tax hike in 17 years.
Japan Times
BUSINESS
May 13, 2014
Pachinko parlors face taxing times
Moves toward legalizing casinos in Japan have reignited a debate over the legal status of pachinko, with a potential new tax mooted for a $200 billion gaming industry that has existed for decades on the fringes of the law.
BUSINESS / Economy
May 5, 2014
Don't balk on next tax hike: IMF
Japan must finish doubling the consumption tax to 10 percent in 2015 or its sovereign debt market might collapse, a senior International Monetary Fund official warns.
Japan Times
BUSINESS / Economy
May 1, 2014
Sales at department stores, electronics chains plunge after tax hike
Sales at department stores, electronics shops and auto dealers sank in the first month after the April 1 consumption tax hike after spiking ahead of the deadline.
BUSINESS
May 1, 2014
Corporate tax rate to be reduced by April '15, Nishimura says
Tokyo will start making significant cuts to the corporate tax rate by April 2015 in line with its aim of making the economy more competitive and of spurring a recovery driven by spending and massive monetary stimulus, deputy economy minister Yasutoshi Nishimura said.
BUSINESS / Economy
Apr 24, 2014
Biz tax cut would lift GDP: METI
Japan's gross domestic product would likely grow by at least ¥7 trillion if the effective corporate tax rate were to fall by about 10 points from the current level of around 35 percent, the industry ministry said in a recent survey.
Japan Times
BUSINESS
Apr 22, 2014
Failure to up sales tax risks crash of JGBs: Sakakibara
The government should prioritize expanding its recent sales tax increase or risk an eventual collapse of sovereign bonds, former Finance Ministry official Eisuke Sakakibara said.
EDITORIALS
Apr 17, 2014
Tread carefully on corporate tax cut
As the Abe administration considers cuts to corporate taxes as part of its growth strategy, it must ensure that it doesn't end up plugging the revenue hole by adding tax burdens to the household sector, already bearing the brunt of the April 1 consumption tax hike and rising prices.
BUSINESS
Apr 16, 2014
Big biz keen to skirt tax hike
The government has hired around 600 special investigators to prevent big businesses from passing the latest consumption tax increase on to their suppliers and contractors, but many small businesses are facing increasingly subtle billing and payment schemes from clients.
South Korea couple beat same-sex barriers to parenthood
South Korean lesbian couple Kim Kyu-jin (left) and her wife, Kim Sae-yeon, pose with a "pregnant woman" badge during an interview in Seoul last month.
Japan unveils new overtourism countermeasures
The majority of tourists in Japan tend to stay in Tokyo, Osaka or Kyoto, resulting in overcrowding in popular tourist spots and a strain on transportation systems.
Opportunities await the bold in the Year of the Wood Dragon
2024 marks the Year of the Dragon in the Chinese zodiac, with the year predicted to be a good time for fresh starts.
Japan pharma startup developing world-first drug to grow new teeth
A new tooth is seen in a ferret's mouth after it was administered a drug to stimulate the growth of tooth buds.
Don’t worry about global population collapse
Most projections show the world will hit peak humanity in the 21st century as people choose to have smaller families and women gain power over their own reproduction.
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.

Podcast

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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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