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July 16, 2024
 

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TAXES

The Finance Ministry and the National Tax Agency in Tokyo's Kasumigaseki district
BUSINESS
Jul 3, 2024
Japan's tax revenue sets another record amid a weak yen and inflation
Even with the tax revenue gains, however, Japan’s fiscal plight is severe.
Internal affairs minister Takeaki Matsumoto
JAPAN
Jun 26, 2024
Point websites to be barred from Japan's hometown tax donation system
Donations collected via the sites will no longer be tax deductible under the hometown tax system.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector.
BUSINESS / Markets
Jun 25, 2024
China’s rich spend millions on Shanghai property, bucking crisis
It’s the only one among the country’s mega cities that still attracts people to put down money in an asset class that has otherwise been abandoned.
Tourists walk through Nakamise shopping street near Sensoji temple in Tokyo. This year is expected to bring 33 million travelers to Japan, an unprecedented surge and a 30% increase from last year.
COMMENTARY / Japan
Jun 21, 2024
How an arrival tax could stem the overtourism tide
How can Japan ensure that tourism benefits locals and travelers alike? There's no silver bullet but an arrival tax of around $40 could be a good starting point.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024
Kishida government's much-touted tax cut to start in June
The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Justice Minister Ryuji Koizumi speaks to reporters in Tokyo on Tuesday.
JAPAN / Politics
May 21, 2024
Japan's revised immigration bill clears Lower House
Permanent residency holders may have their status revoked if they deliberately fail to pay their taxes, impacting only those "with malicious intent."
The Lower House Judicial Affairs Committee approves legislation to introduce a new training scheme for foreign workers on Friday.
JAPAN / Crime & Legal
May 17, 2024
Japan parliamentary panel OKs bill on training foreign workers
It will replace the foreign technical intern program with a new training scheme to allow foreigners to work in Japan for the medium to long term.
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
JAPAN / Society
May 15, 2024
Kishida defends planned rule to revoke foreigners' residency
The bill calls for allowing the government to revoke permanent residence permits of foreigners who intentionally evade taxes or social insurance premiums.
Tokyo's Shinjuku Ward has offered a stationmaster experience at Shinjuku Station as a return gift for donations of ¥1 million to the ward.
JAPAN
May 1, 2024
Tokyo offers 'experience packages' as gifts to curb tax outflow
As their tax revenues continue to decline, Tokyo wards have begun diversifying their gift offerings under the hometown tax program.
Then-U.S. President Donald Trump announces Jerome Powell as his nominee to become chairman of the U.S. Federal Reserve in the Rose Garden of the White House in Washington in November 2017.
BUSINESS / Economy / FOCUS
Apr 29, 2024
Trump’s economic confidants battle for sway on taxes and Fed policy
For months, the Trump campaign has been trying to rein in proposals from various factions with limited success.
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
WORLD / Politics
Apr 28, 2024
Putin’s war will soon reach Russians’ tax bills
The move reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite.
South Korean officials count ballots following a parliamentary election on April 10. President Yoon Suk-yeol’s conservative bloc is set for a major setback in a vote for a new parliament, exit polls showed, likely meaning he will be in a weak position for the remaining three years of his term and face political gridlock.
ASIA PACIFIC / Politics
Apr 18, 2024
Billionaire families lose hope for tax cut after Korean vote
South Korea’s regular maximum inheritance levy of as much as 50% is the second-highest among members of the OECD, after 55% in Japan.
According to the children's agency’s estimate, those with an annual income of ¥2 million will see an additional tax levy of ¥350 to support new child care provision, while those with incomes of ¥6 million will pay an extra ¥1,000.
JAPAN / Society
Apr 10, 2024
Japan to collect monthly average of ¥800 for child care boost
The exact amount for each individual will vary depending on income and public health insurance plans.
The financial center of Panama City, Panama, in 2019. Starting Monday, 27 people will be tried over charges connected to the "Panama Papers" case.
WORLD / Crime & Legal
Apr 8, 2024
'Panama Papers' trial to begin eight years after tax scandal
Twenty-seven people have been charged with money laundering in connection with the tax evasion scandal.
Nissan’s name has been removed from a list of around 44,000 companies eligible for the tax incentive on the economy ministry’s website.
BUSINESS / Companies
Apr 6, 2024
Nissan ineligible for tax break after underpaying firms: report
Nissan’s name has been removed from a list of companies eligible for the tax incentive on the economy ministry’s website, the Yomiuri Shimbum said.
Andres Iniesta, who played for Vissel Kobe, has been ordered to pay ¥580 million in back taxes, according to sources.
JAPAN
Mar 22, 2024
Soccer players failed to declare income totaling ¥2.1 billion
Andres Iniesta, Kim Jin-hyeon and Patric have been named by the Osaka Regional Tax Bureau.
The Tokyo Regional Taxation Bureau
JAPAN / Crime & Legal
Mar 21, 2024
Tokyo clinic director fails to report ¥1 billion COVID-19 subsidy
The director received subsidies to perform PCR tests and outsourced testing services, but an audit showed she had not paid some ¥1 billion to outsourcers.
Anti-capitalist protesters with Occupy San Francisco take part in a demonstration on the streets of the Californian city in October 2011.
COMMENTARY / World
Mar 10, 2024
The economic future of our overworked grandchildren
While John Maynard Keynes predicted a future of leisure and abundance, the world has seen an increase in wealth disparity and a culture of overwork.
Osaka Gov. Hirofumi Yoshimura said an expert panel will finalize details of the proposed fee for foreign tourists in April.
JAPAN / Society
Mar 7, 2024
Osaka weighs 'entry fee' for foreign tourists in bid to combat overtourism
The proposed fee is separate from the lodging tax already in place for all tourists.
The building housing the Japanese Olympic Committee in 2019
JAPAN / Crime & Legal
Mar 7, 2024
Japanese Olympic Committee pays ¥2 billion in back taxes after discrepancy
Tax authorities found improper accounting between fiscal 2018 and 2022, the committee has said, but has not imposed a penalty tax.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
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.
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.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
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.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.
Glay celebrates three decades of rock greatness
The members of Glay — (from left) Jiro, Teru, Takuro and Hisashi — are celebrating 30 years of rocking out as a band.

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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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