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July 17, 2024
 

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TAX

Japan Times
JAPAN / EXPLAINER
Mar 24, 2014
Selective consumption tax breaks inch closer
The consumption tax is going up to 8 percent next Tuesday, but consumers also have to brace for a another hike in October 2015, when the Abe administration plans to raise it all the way to 10 percent — double what it has been since 1997.
JAPAN / Politics
Mar 24, 2014
76.5% worried about economy after tax hike, poll shows
A total of 76.5 percent of respondents in a Kyodo News opinion poll said they are worried about the future of the economy following the planned consumption tax rate increase to 8 percent from 5 percent on April 1, while 22.4 percent said they are not worried.
BUSINESS / Economy
Mar 19, 2014
Japan logs record trade deficit for month of February
Japan registered a goods trade deficit of ¥800.3 billion in February, a record for the month and up 3.5 percent from a year before, the government said Wednesday, amid growing imports of fossil fuels after the Fukushima nuclear crisis.
BUSINESS / Economy
Mar 18, 2014
Analysts split on fiscal crisis timeline
Economists are split over how long the government has to rein in the world's biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should keep ratcheting up the sales tax.
BUSINESS / Economy
Mar 17, 2014
Abe aide urges more BOJ easing as sales tax increase threatens recovery
The Bank of Japan can double its annual pace of bond accumulation to ¥100 trillion to give fresh impetus to the economy after next month's sales tax increase, according to an aide to Prime Minister Shinzo Abe.
BUSINESS / Economy
Mar 12, 2014
Government panel urges cut in corporate tax
A government tax panel called Wednesday for a corporate tax cut in an attempt to boost foreign investment despite budgetary constraints, according to a statement presented by its chief, Hiroko Ota.
EDITORIALS
Mar 11, 2014
No need to break the budget
Consumers would be wise to resist the urge to break their household budget with high-end purchases before the sales tax rises by three percentage points April 1. That's because manufacturers are likely to remain as keen as ever to keep their prices competitive after the tax hike.
JAPAN
Mar 7, 2014
Cabinet: Bitcoin is not a currency
Under Japanese law, bitcoins are not recognized as currency and transactions using it should be taxed based on the income, corporate and consumption tax laws, the Cabinet announces.
BUSINESS / Economy
Mar 5, 2014
Tokyo firms unsure of tax hike impact
A poll by the Tokyo Chamber of Commerce and Industry shows that about 40 percent of small and medium-size enterprises in the area are unsure of whether they can pass the April 1 consumption tax hike on to the prices of their products.
EDITORIALS
Mar 3, 2014
Taxing adjustments ahead
With the consumption tax hike set to rise in less than a month, the government must make sure the hike doesn't lead to unfair transaction practices between large firms and their subcontractors and suppliers.
BUSINESS
Mar 3, 2014
Capital gains spark 21.5% revenue lift
Tax revenues surged 21.5 percent in January from a year earlier to ¥4.110 trillion on the back of a growth in recipients from taxes on capital gains, the Finance Ministry said Monday.
Japan Times
JAPAN / History / JAPAN TIMES GONE BY
Mar 1, 2014
Fat men frolic, Jews to be treated equally, U.S. ambassador stabbed, new sales tax a headache
Twenty-five fat members of the House of Representatives with two Government delegates and two journalists, each of whom weighs more than 165 pounds (75 kg), sat at a dinner at the Fukuiro, Yanokura, Ryogoku, on Monday evening.
Japan Times
BUSINESS / Economy
Feb 24, 2014
'Abenomics' no help to breweries
While Prime Minister Shinzo Abe's policies help manufacturers such as Toyota Motor Corp. rack up record profits, challenges to his reforms are showing up in a more mundane spot: the outlook for beer.
BUSINESS
Feb 20, 2014
New tax rules to hit holders of overseas assets
Individuals with overseas assets worth more than ¥50 million must report them to the nation's tax authorities or face tough penalties, according to new government regulations introduced ahead of this year's tax return filing.
BUSINESS / Economy
Feb 14, 2014
Only 10% eyed for welfare
The April consumption tax hike to 8 percent is expected to bring in an additional ¥5 trillion in tax revenue in fiscal 2014, but the government can use only ¥500 billion to improve social welfare.
BUSINESS / Economy
Feb 13, 2014
Sales tax hike to 10% may be delayed if economy stalls: minister
The government will postpone the planned sales tax hike to 10 percent from 8 percent in October 2015 if the economy faces a downturn, economic and fiscal policy minister Akira Amari suggested Thursday.
BUSINESS / Companies
Feb 13, 2014
Topvalu prices will not go up, Aeon says
Major retailer Aeon Co. plans to maintain the prices of more than 3,000 items sold under its Topvalu brand after consumption tax is raised in April from 5 percent to 8 percent, company officials said.
Japan Times
COMMUNITY / How-tos / LIFELINES
Feb 9, 2014
Getting the colors clear when filing taxes in Japan
Filing a tax return isn't easy at the best of times, but doing it in another country can be particularly challenging. Fortunately, if you work for a company and that's your sole source of income in Japan, they will take care of everything for you. However, those who are self-employed or have multiple...
EDITORIALS
Jan 31, 2014
Help households, not corporations
Lowering corporate taxes, as the Abe administration wants to do, will invite criticism that Japan's businesses are being cosseted at the expense of tax relief for households.
Japan Times
JAPAN / Politics
Jan 19, 2014
Abe: 'Numbers do not lie'
Prime Minister Abe plays up fiscal consolidation and across-the-board prosperity as he returns to his “Abenomics” script for the Liberal Democratic Party convention.
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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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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