Tag - taxes

 
 

TAXES

Nobuya Fukumoto (far left), a lawyer for the Family Federation for World Peace and Unification, known as the Unification Church, is surrounded by the media at the Tokyo District Court on Tuesday after it ordered the group to be stripped of its religious corporation status.
JAPAN / Crime & Legal
Mar 25, 2025
Tokyo court strips Unification Church of religious corporation status
The order against the group, heavily criticized for its coercive tactics in soliciting donations, removes its tax-exempt status.
While you need to pass over cash for taxes, don't fall for scams that trick you into paying what you don't owe.
LIFE / Language / BILINGUAL
Mar 6, 2025
Scams, taxes and tariffs: It's that time of year.
Financial scams abound in Japan and a new one uses tax-related terminology.
The Lower House Budget Committee votes for the fiscal 2025 budget in Tokyo on Tuesday.
JAPAN / Politics
Mar 4, 2025
Budget clears Lower House in key win for Ishiba
The budget’s approval in the Lower House has long been seen as an indispensable requirement for the survival of the Ishiba administration.
The number of newborns in 2024 fell 5% from the previous year to 720,988, extending a nine-year streak of declines, according to preliminary population data released Thursday by the health ministry.
JAPAN
Feb 27, 2025
Japan records fewest births on record, deepening demographic crisis
The number of newborns in 2024 fell 5% from the previous year to 720,988, extending a nine-year streak of declines.
The city government of Hirosaki, Aomori Prefecture, used corporate donations to create a volunteer tour, during which participants help farmers harvest apples and enjoy sightseeing in the city.
JAPAN / FOCUS
Feb 20, 2025
Corporate hometown donations gain traction in Japan
Some local governments have been found to provide de facto rewards to donor companies, violating the system's rules and raising concerns about improper practices.
DPP tax chair Motohisa Furukawa speaks during a meeting of the party's tax committee in Tokyo on Wednesday.
JAPAN / Politics
Feb 19, 2025
Debate over income tax threshold reform hits roadblock with new LDP proposal
Neither Komeito, the ruling coalition's junior partner, nor the opposition Democratic Party for the People supported the LDP's new income tax plan.
The Tokyo Regional Taxation Bureau found the tax nonpayment after asking information, such as a list of companies, from the tax authorities of Singapore based on the Japan-Singapore tax treaty and analyzing the collected data.
JAPAN
Feb 18, 2025
Tokyo tax bureau seizes ¥1.8 billion from Hong Kong game firm over unpaid tax
The company, which operated its Mafia City online game via a platform based in Singapore, failed to pay consumption tax associated with revenue from in-game spending.
Elon Musk speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington on Feb. 11.
WORLD
Feb 17, 2025
Musk’s DOGE team seeks access to taxpayer information
The U.S. has strict laws that prohibit the disclosure of taxpayer data, though there are exceptions for law enforcement.
Scott Bessent, then nominee for U.S. treasury secretary, arrives for his confirmation hearing before the Senate Finance Committee on Capitol Hill in Washington on Jan. 16.
BUSINESS / Economy
Jan 28, 2025
Billionaire financier Bessent confirmed as Trump's treasury chief
The new treasury secretary will be the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.
U.S. President Donald Trump signs executive orders in the Oval Office of the White House in Washington on Monday.
WORLD / Politics
Jan 21, 2025
Trump declares U.S. exempt from previously agreed global corporate tax pact
The landmark 2021 agreement with nearly 140 countries set a global corporate minimum tax rate of 15%.
Tourists visit Fushimi Inari Shrine in the city of Kyoto on Monday.
JAPAN / Society
Jan 15, 2025
Kyoto to raise accommodation tax to a maximum ¥10,000 per night
The collected money under the new plan would be used to improve infrastructure in the city, such as increasing public transportation.
People pray on the first day of the new year at Meiji Shrine in Tokyo. Japan’s economy is set for modest growth in 2025 supported by wage increases and stimulus, but faces risks from political instability and global challenges.
EDITORIALS
Jan 3, 2025
Hope for the economy in 2025, but dangers loom
Political uncertainty at home and a tumultuous international environment pose real risks for the nation’s economy.
Prime Minister Shigeru Ishiba must get cooperation from at least one opposition party to ensure passage of the 2025 fiscal year budget. He must also show he is capable of a smooth working relationship with the incoming administration of U.S. President-elect Donald Trump.
JAPAN / Politics
Jan 1, 2025
Three tests Ishiba must pass to survive in 2025
Overcoming the challenges that lay ahead will require the prime minister to make the best use of his political and diplomatic negotiating skills.
Cabinet ministers at the Prime Minister's Office in Tokyo on Friday
JAPAN / Politics
Dec 27, 2024
Japan's Cabinet approves ¥115.5 trillion budget
The proposal exceeded ¥110 trillion for the third consecutive year in order to increase spending on defense and social welfare costs.
A Japan Ground Self-Defense Force (JGSDF) Type 10 main battle tank fires ammunition during a live fire exercise at the JGSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May.
JAPAN / Politics
Dec 26, 2024
Japan set to approve record budget, spending more on defense and regions
While the government will have to lean heavily on debt issuance, record tax receipts will enable the cutting back of fresh bond issuance by almost a fifth.
Kawasaki Heavy Industries' Tokyo head office
JAPAN
Dec 23, 2024
Kawasaki Heavy's spending on SDF personnel found taxable
SDF submarine crew members have been wined, dined and given gift certificates by Kawasaki Heavy's Kobe Works, with the expenses reported as tax-deductible.
Three political parties' secretaries-general sign a confirmation letter in Tokyo on Friday regarding the tax-free income threshold.
JAPAN / Politics
Dec 20, 2024
Ruling camp approves tax reform proposal
The ruling bloc agreed to “continue talks in good faith” with the DPP, which wants to further raise the tax-free income threshold.
Jasper Cheung, head of Amazon Japan (second from the left), which will enter the "furusato nozei" hometown donation intermediary business.
BUSINESS / Companies
Dec 19, 2024
Amazon Japan to enter 'furusato nōzei' business
Amazon aims to differentiate its service from other sites by delivering gifts as quickly as one day after donations are made.
The secretaries-general of the Liberal Democratic Party, Komeito and the Democratic Party for the People have agreed to start raising the minimum taxable income level next year.
JAPAN / Politics
Dec 16, 2024
DPP tax chief hints at termination of talks with Japan's ruling bloc
The DPP would have to consider axing the talks if the ruling coalition sticks to its proposal of raising the threshold to ¥1.23 million, Motohisa Furukawa said.
Commuters in Tokyo in March 2023.
JAPAN / Politics
Dec 13, 2024
Ruling bloc proposes ¥1.23 million minimum threshold for taxable income
Tax chiefs from the LDP, Komeito and DPP plan to meet again as early as Tuesday after the DPP, which seeks to raise the threshold to ¥1.78 million, opposed the proposal.

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