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July 16, 2024
 

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TAXES

Japan Times
WORLD
May 4, 2021
Biden tax rule would take billions from biggest fortunes at death
Ending the current practice of stepping up the tax basis of inherited assets and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.
Japan Times
COMMENTARY / World
May 1, 2021
Biden’s great tax rebalancing act
With U.S. government spending likely to remain high after the COVID-19 pandemic, tax revenues must increase, because additional borrowing can finance only so much.
Japan Times
BUSINESS
Apr 6, 2021
U.S. Treasury Secretary Janet Yellen calls for global minimum corporate tax
Yellen said Monday she was working with G20 countries to agree to the measure, in hope of ending a 'thirty-year race to the bottom.'
Japan Times
BUSINESS
Mar 29, 2021
Osaka launches campaign to become new financial center in Asia
The prefecture joins Tokyo and Fukuoka as an area to which the central government aims to bring capital, financial institutions and professionals from around the world.
Japan Times
WORLD
Mar 26, 2021
In 2020 the ultrarich got richer. Now they're bracing for the backlash.
The plans being discussed by the ultrarich range from philanthropy to shifting money and businesses into trust funds, and relocating to other countries or states with favorable tax regimes.
Japan Times
COMMENTARY / World
Mar 24, 2021
Who helps pay Amazon’s low-wage workers? Americans do.
Amazon can afford to lift its workers out of poverty, so why does it rely on taxpayers to fill in the blanks?
Japan Times
COMMENTARY / World
Mar 18, 2021
Tax havens are sabotaging the sustainable development
In 2015, Gabriel Zucman estimated that at least $7.6 trillion of the world's private wealth was held in tax havens, equivalent to 8% of global household financial assets.
Japan Times
BUSINESS / Companies
Feb 24, 2021
Travel agency JTB to cut capital to gain tax advantage amid pandemic
The planned capital cut from over u00a52.3 billion would mean JTB can receive preferential tax treatment for smaller companies with u00a5100 million as the upper limit for capital.
Japan Times
JAPAN
Jan 30, 2021
Pandemic a boon for Japan's hometown tax donation program
Operators of websites that mediate between municipalities and donors are projecting that the amount raised for fiscal 2020 will top the record of u00a5512.7 billion in fiscal 2018.
Japan Times
JAPAN / Media / BIG IN JAPAN
Dec 31, 2020
Crime prevention tips for seniors among highlights of new year publications
From looking at the contents, you'd never have guessed what a crazy year 2020 has been.
Japan Times
BUSINESS
Dec 28, 2020
Japan's appeal as hub hindered by taxes, language and lackluster growth
China's crackdown on Hong Kong has raised hopes Tokyo may be able to compete as a financial hub, but the numbers still don't work in Japan's favor.
Japan Times
COMMENTARY / World
Dec 16, 2020
A letter from 9 million U.S. expats to Janet Yellen
This change would align American taxation of individuals with the systems of all other developed countries. It would free us expats to live, earn, save and invest as other people do.
Japan Times
BUSINESS
Dec 15, 2020
Carlos Ghosn investigated by France over possible tax evasion
French Finance Minister Bruno Le Maire on Monday declined to confirm a probe into Ghosn's tax affairs.
Japan Times
BUSINESS / Economy
Dec 10, 2020
Japan ruling bloc OKs tax reforms to help coronavirus-hit economy
The LDP and Komeito are also aiming to encourage the private sector to work toward carbon reduction and digitalization through revisions to corporate taxation.
Japan Times
BUSINESS
Dec 4, 2020
LDP panel plans tax-free casino winnings for nonresident gamblers in Japan
It is hoped the envisaged tax exemption will provide impetus for operators to plan resort projects that incorporate casinos, which the government is keen to promote.
Japan Times
BUSINESS
Nov 25, 2020
Japan plans tax breaks for foreign nationals to attract financial experts
Many highly skilled financial professionals from abroad leave Japan within 10 years partly due to the current taxation system, a ruling party source said.
Japan Times
WORLD / Politics
Nov 14, 2020
As soon as Trump leaves office, he faces greater risk of prosecution
The president is more vulnerable than ever to an investigation into his business practices and taxes.
Japan Times
BUSINESS / Economy
Nov 6, 2020
September household spending down 10.2%, affected by 2019 tax hike
The monthly drop was the sharpest since the 16.2% plunge logged in May, the largest decrease since comparable data became available in January 2001.
Japan Times
COMMENTARY / Japan
Oct 18, 2020
Putting Japan's coming inheritance windfall to good use
The final journey of Japan's baby boomers is poised to free up inheritance fund flows of as much as u00a5550 trillion (about $5 trillion) over the next ten years alone.
Japan Times
BUSINESS / Economy
Oct 15, 2020
LDP tax chief sees room to tweak ‘terrifying’ inheritance tax for foreign nationals
A local media report earlier Wednesday said the government was considering reducing the inheritance tax for some foreign nationals starting April.
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.
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.
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.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

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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