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July 17, 2024
 

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US TAXES

Japan Times
BUSINESS
Nov 10, 2018
Government considers scaling back tax exemption for education, child care gift program from April
From April the government is considering scaling down the tax exemption for money gifted to cover child care and education costs, people familiar with the matter said Saturday.
Japan Times
JAPAN / YEN FOR LIVING
Nov 9, 2018
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might affect consumption. The last consumption tax increase,...
Japan Times
JAPAN / Politics
Nov 8, 2018
Japan doesn't treat U.S. fairly on trade, Trump says
President Donald Trump accused Japan on Wednesday of treating the United States unfairly on trade, claiming that Japan exports cars with low tariffs but does not take American cars.
Japan Times
JAPAN / EXPLAINER
Nov 5, 2018
To what extent will Japan's 2014 downturn repeat with the new tax hike?
The wallets of Japanese residents may get a little lighter next year, as the prices of most goods and services are set to rise under a new consumption tax system starting in October 2019.
Japan Times
BUSINESS
Oct 31, 2018
Japanese government considers plan for 'premium vouchers' to underpin economy after tax hike
Low-income families may be able to purchase a voucher worth ¥25,000 for the cost of ¥20,000 under a government plan aimed at underpinning consumer demand after next year's planned tax hike, sources said Wednesday.
Japan Times
BUSINESS
Oct 31, 2018
Amazon dealt $250 billion blow from market jitters and earnings confusion
Fears of a prolonged market downturn, slowing international sales, stepped-up competition in the U.S. and flat-out confusion about how Amazon.com Inc. makes money are all reasons behind the company's dizzying 25 percent drop in value from its September high.
Japan Times
BUSINESS
Oct 30, 2018
Britain to target online platform giants like Google, Facebook and Amazon with new digital services tax
Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update a system that had not kept pace with changing digital business models.
Japan Times
BUSINESS / Economy
Oct 29, 2018
Analysts predict Bank of Japan will maintain policy stance with focus growing on 10-year yield range
At meetings scheduled for this week, the Bank of Japan will maintain its policy settings, according to economists surveyed by Bloomberg, amid a growing view that the BOJ will eventually use greater flexibility in yield movements as a tightening measure.
BUSINESS / Economy
Oct 27, 2018
Japan to skip planned tax hike for capital gains and dividends
The tax panels of the ruling parties have decided to skip a tax hike for capital gains and dividends in reforms for fiscal 2019, sources have said.
EDITORIALS
Oct 17, 2018
What next after the consumption tax goes to 10%?
Doubts persist as to whether the hike will cover the mushrooming social security costs of the rapidly aging population.
Japan Times
BUSINESS / Economy
Oct 15, 2018
Abe says he's going ahead with Japan's consumption tax hike in October 2019
Chief Cabinet Secretary Yoshihide Suga said Abe asked relevant ministers to come up with measures to mitigate negative impacts of the increase.
Japan Times
WORLD / Politics
Oct 14, 2018
Jared Kushner 'likely' paid little or no income taxes for years: New York Times
Jared Kushner, President Donald Trump's son-in-law and a senior White House adviser, likely paid little or no federal income taxes between 2009 and 2016, The New York Times reported Saturday, citing confidential financial documents.
Japan Times
BUSINESS
Oct 13, 2018
To help underpin economy after sales tax hike, freeze of new duty on vehicles may become reality
The government and the ruling parties are considering freezing a new tax on vehicles to mitigate the economic impact of a planned consumption tax increase in October next year, sources close to the matter said Saturday.
Japan Times
BUSINESS / Economy
Oct 4, 2018
IMF urges Japan to ensure tax hike goes smoothly
International Monetary Fund chief Christine Lagarde urged Japan on Thursday to make sure that a nationwide consumption tax increase scheduled for next year does not hurt the country's economic growth.
Japan Times
ASIA PACIFIC / Crime & Legal
Oct 3, 2018
Chinese star Fan Bingbing fined $129 million over tax evasion
China has ordered A-list movie star Fan Bingbing to pay about 884 million yuan ($129 million) in overdue taxes and fines, the Xinhua News Agency said on Wednesday, as a crackdown on tax evasion in the entertainment industry gathers momentum.
Japan Times
BUSINESS / FOCUS
Oct 2, 2018
With just a year to go, Japan's businesses worry about complexities of forthcoming consumption tax rates
With the Abe government planning to raise the consumption tax rate to 10 percent from 8 percent on Oct. 1 next year, businesses are worried about the extra burden of a consumer-friendly relief measure.
Japan Times
JAPAN
Sep 27, 2018
Kyoto lodging tax kicks in on Monday
City becomes the third local government in Japan to implement a accommodation levy after Tokyo and Osaka Prefecture.
EDITORIALS
Sep 17, 2018
Reviewing the 'hometown tax donation' system
The hometown tax donation system should be promoted as a mechanism to enable people to support the municipalities that they really want to help.
Japan Times
ASIA PACIFIC / Crime & Legal
Sep 15, 2018
Chinese A-list actress Fan Bingbing last seen in June amid culture crackdown
Fan Bingbing, an A-list Chinese movie star who has appeared in the "X-Men" and "Iron Man" film franchises, has more than 62 million followers online in China and fronted campaigns for Montblanc watches and De Beers diamonds, has disappeared.
Japan Times
BUSINESS
Sep 11, 2018
Japan to curb expensive gift incentives under 'hometown tax' program
The program allows taxpayers to donate to any municipality and receive tax cuts, but has led to fierce competition among local governments to lure donations with expensive gifts.
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.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
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.
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.

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Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
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By Tomoko Otake

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