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July 16, 2024
 

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TAXES

Japan Times
BUSINESS
Nov 25, 2016
LDP agrees to unify tax rates on beer, similar alcoholic drinks
The ruling Liberal Democratic Party agreed Friday to unify tax rates on beer and beer-like drinks in fiscal 2017 tax reforms, with an eye on adopting a uniform tax rate in October 2026, lawmakers said.
Japan Times
COMMUNITY / How-tos / LIFELINES
Oct 30, 2016
Long-term foreign Japan residents must declare overseas assets — and could be taxed on them
Foreign residents who have been in Japan for more five years are required to report any assets held abroad and may have to pay tax on them if their combined value tops ¥50 million.
EDITORIALS
Sep 24, 2016
Changing the spousal tax break
The authorities had better tread very carefully when deciding whether to change the spousal tax deduction system.
JAPAN
Sep 17, 2016
Son of Keyence founder failed to pay ¥150 billion in gift tax
The elder son of the founder of Japanese measuring instrument maker Keyence Corp. failed to pay over ¥150 billion ($1.47 billion) in gift tax over the receipt of stocks of an asset management firm, sources close to the matter said Saturday.
Japan Times
BUSINESS / Economy
Sep 14, 2016
Trump presidency could cost U.S. economy $1 trillion, research firm says
The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday.
BUSINESS
Aug 30, 2016
LDP to scrap spousal tax break in bid to get more women into full-time work
In a major policy shift, the Liberal Democratic Party plans to abolish the decades-old spousal tax break that critics say has long dissuaded wives from seeking full-time work.
EDITORIALS
Aug 20, 2016
Stop international tax dodges
Efforts to crack down on tax havens is starting to pick up steam, and none too soon.
WORLD / Science & Health
Aug 18, 2016
Britain taxes soft drinks, will use the money to promote children's health
Britain on Thursday launched a strategy aimed at curbing childhood obesity by taxing companies that sell sugar-laced soft drinks and investing that money in programs to encourage physical activity and balanced diets for school children.
Japan Times
BUSINESS
Aug 6, 2016
Nobel winner Stiglitz quits Panama Papers probe, citing lack of transparency
The committee to investigate the lack of transparency in Panama's financial system itself lacks transparency, Nobel Prize-winning economist Joseph Stiglitz said on Friday after resigning from the Panama Papers commission.
EDITORIALS
Aug 4, 2016
Is size the key in latest stimulus?
The new stimulus package doesn't look like it will convince cautious consumers to loosen their purse strings.
BUSINESS / Economy
Aug 2, 2016
IMF backs labor, tax reforms to boost Abenomics
The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation's debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International Monetary Fund...
BUSINESS / Economy
Jul 2, 2016
¥56.2 trillion tax revenue lower than government's estimate, making financing an extra budget difficult
Tax revenues in fiscal 2015 totaled u00a556.29 trillion, falling short of the central government's estimate, which will make it hard to finance an extra budget in the current fiscal year.
Japan Times
BUSINESS
Jun 28, 2016
Kyoto meeting a chance for nations to tighten screws on tax avoidance
Global efforts to tackle corporate tax avoidance are set to get new momentum on Thursday, when nations meet in Kyoto to discuss and possibly sign up to international rules introduced last year.
COMMENTARY / Japan
Jun 27, 2016
Abe right to delay tax hike
The prime minister recognizes the need to balance the imperatives of debt reduction and economic growth.
BUSINESS
Jun 14, 2016
Donations to municipalities of choice grow fourfold in fiscal 2015
Donations to municipalities that qualify as tax-deductable soared over fourfold in fiscal 2015 from a year earlier, the government said Tuesday.
LIFE / Language / COMMUNICATION CUES
Jun 6, 2016
Rakuten chief named in Panama Papers
Rakuten Chairman and CEO Hiroshi Mikitani is named as a shareholder of a company in an offshore tax haven in the Panama Papers.
Japan Times
COMMENTARY / World / SENTAKU MAGAZINE
May 22, 2016
America: the top tax haven
Operating largely under the radar, the United States has become the world's biggest tax haven.
EDITORIALS
May 18, 2016
Economic growth remains fragile
The nation's economy has escaped a back-to-back quarterly decline, as shown by the preliminary data for the January-March period — which has been closely watched as a possible clue to whether Prime Minister Shinzo Abe will go ahead with the consumption tax hike in April 2017 as planned. Abe's assessment...
Japan Times
WORLD
May 14, 2016
Pakistan opposition leader Khan, a former cricket hero, admits using an offshore company
Pakistani opposition leader Imran Khan, who tried to oust Prime Minister Nawaz Sharif in a row over offshore wealth, has acknowledged using an offshore company to avoid paying British tax on a London property sale.
Japan Times
ASIA PACIFIC / Politics
May 12, 2016
Australian Prime Minister Turnbull named in Panama Papers, denies wrongdoing
Australian Prime Minister Malcolm Turnbull on Thursday denied any wrongdoing after being been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect.
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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