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March 29, 2025
 

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TAXES

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.
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.
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.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024
Streaming a movie abroad may soon come with taxes at the border
It's still unclear exactly how governments would implement digital tariffs.
JAPAN / Crime & Legal
Feb 20, 2024
Japan considers revoking permanent resident status of tax dodgers
Immigration authorities are considering revoking the residency status of foreign permanent residents who evade or repeatedly delay paying their taxes.
A woman makes a donation for people affected by the Noto Peninsula earthquake set up at Shinjuku's Keio Department Store's in Tokyo on Monday.
JAPAN
Feb 1, 2024
¥17 billion raised for quake-hit Ishikawa
A committee made up of members of related organizations will decide how to allocate the funds, which will be distributed via local municipalities.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Tourist submarine sinks in Red Sea of Egypt, leaving 6 people dead
The interior of a Sindbad submarine vessel at sea off Hurghada, Egypt, in August 2024, in this still image obtained from video.
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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