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July 16, 2024
 

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TAXES

JAPAN
Jan 30, 2020
Osaka Prefecture city's removal from hometown tax scheme ruled valid
A court Thursday ruled that the government acted lawfully in removing a city that offered extravagant gift incentives to attract tax-deductible donations from the furusato nōzei (hometown tax) program, marking a first in the conflict between the central and local governments over the program.
Japan Times
BUSINESS
Jan 21, 2020
Macron and Trump declare a truce in digital tax dispute
French President Emmanuel Macron said Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries will work together to avoid a rise in tariffs.
Japan Times
BUSINESS
Jan 17, 2020
Japan shrinks budget surplus forecast as it grapples with debt mountain
Japan kept unchanged its timing for balancing the primary budget on Friday, but expects to see a much smaller excess than previously thought when it hits a budget surplus, underlining the government's struggle to rein in massive public debt.
Japan Times
ASIA PACIFIC
Jan 16, 2020
In Hong Kong 'collapse,' government falls months behind on collecting taxes
Hong Kong is behind on its taxes.
Japan Times
JAPAN
Jan 13, 2020
Family of Diet member Kunio Hatoyama failed to report ¥700 million inheritance
The family of veteran lawmaker Kunio Hatoyama, who died in 2016, has been found to have failed to declare some ¥700 million in taxable inheritance, according to sources.
Japan Times
BUSINESS / Companies
Dec 24, 2019
Google and Facebook to start locally booking ad revenue in Japan
The move is apparently in response to recent international pressure over the tax-saving measures of technology giants.
Japan Times
BUSINESS / Companies
Dec 23, 2019
Amazon's revamped Japan unit has paid nearly ¥30 billion in taxes over past two years
Amazon.com Inc. has paid nearly ¥30 billion ($274 million) in corporate taxes in Japan over the past two years after changing its policy to book sales in the country, sources with knowledge of the matter said.
Japan Times
BUSINESS / ANALYSIS
Dec 21, 2019
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation's tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Japan Times
BUSINESS
Dec 17, 2019
Germany to raise carbon emission price to €25 per metric ton in 2021 after pressure, sources say
Germany will raise the price for carbon dioxide emissions from transport and heating buildings to €25 ($27.56) per metric ton from 2021 after a proposed €10 price tag was criticized for being too low, government sources said on Monday.
Japan Times
BUSINESS
Dec 12, 2019
Ruling bloc approves tax reforms to boost tech investment in Japan
The annual tax revision focused on steps to encourage firms to spend their internal reserves of over u00a5460 trillion ($4.23 trillion), lawmakers said.
Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS / Companies
Dec 9, 2019
LDP plans tax breaks to help spread 5G networks
The Liberal Democratic Party's tax panel is planning to give preferential tax treatment to mobile phone carriers and others to help spread fifth-generation, or 5G, high-speed wireless communications services.
Japan Times
JAPAN / Politics
Dec 7, 2019
Japanese government may offer companies 25% tax break on investment in startups
The government and ruling coalition plan to allow companies to deduct 25 percent of the amount they invest in startups from their taxable income, informed sources said Friday.
Japan Times
BUSINESS
Dec 5, 2019
Japan considering tax breaks for firms that invest ¥10 million in startups
Government and ruling coalition officials are considering giving tax breaks to small and midsize companies that invest ¥10 million or more in startups, sources familiar with their discussions said Wednesday.
Japan Times
WORLD
Dec 5, 2019
Report from Exxon Mobil-owned firm in 1991 shows the cost of curbing CO2
Back in 1991, when climate policy was in its infancy, an Exxon subsidiary came to a startling and prescient conclusion about how to curb carbon-dioxide emissions that cause global warming: It would require a heavy price on carbon dioxide pollution before the companies creating emissions would change,...
Japan Times
BUSINESS
Dec 2, 2019
Japan considering applying withholding tax to casino winnings of non-resident foreigners
The government is considering a plan to withhold taxes on winnings by nonresident foreigners at casino resorts, according to sources close to the matter.
BUSINESS
Nov 22, 2019
Japan's ruling coalition begins discussions on tax reform
The ruling coalition started full discussions Thursday on tax system reforms for fiscal 2020, including proposed incentives for corporate investment and support for unmarried single parents.
Japan Times
WORLD / Politics / ANALYSIS
Nov 22, 2019
Jeremy Corbyn has a radical Labour message. Can he sell it to Britain?
Jeremy Corbyn pulled no punches as he presented the country with his plan for a Labour government, the most radical proposed since 1983, when the party suffered its worst postwar defeat.
Japan Times
WORLD / Crime & Legal
Nov 22, 2019
House panel urges U.S. Supreme Court not to protect Trump financial records
A Democratic-led House of Representatives committee on Thursday urged the U.S. Supreme Court not to prevent President Donald Trump's longtime accounting firm from handing over his financial records that have been subpoenaed by lawmakers.
Japan Times
BUSINESS
Nov 21, 2019
Japan to allow tax-free shopping at vending machines that recognize faces and passports
The government and ruling coalition are planning to allow tax-free shopping for purchases at specific vending machines in a bid to spur spending by foreign tourists, sources said Wednesday.
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.
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.
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.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
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.
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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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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