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July 17, 2024
 

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US TAXES

BUSINESS / Companies
Oct 6, 2015
Big U.S. firms hiding trillions abroad to avoid taxes: study
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in taxes if they repatriated the funds, according to a study released Tuesday.
Japan Times
JAPAN / Society
Oct 1, 2015
My Number poses dilemma for bar hostesses, others moonlighting after work
A dirty little secret of one Japanese "office lady" stereotype is that some women, dissatisfied with their clerical salaries, augment their earnings by moonlighting as bar hostesses.
JAPAN
Sep 30, 2015
Overseas online purchases to be taxed in bid to protect domestic industries
Consumers in Japan will pay sales tax on overseas online purchases from Thursday in a policy change to eliminate the price advantage of foreign firms over domestic rivals.
LIFE / Language / MORNING ENGLISH
Sep 21, 2015
Let's discuss the new My Number system
This week's featured article
Japan Times
BUSINESS / Economy
Sep 18, 2015
Consumer spending recovery hampered by pension payment cuts
More than a year after a consumption tax increase tipped Japan into a recession, efforts to clamp down on soaring pension payments are suppressing a recovery in consumer spending.
BUSINESS
Sep 15, 2015
Ruling bloc agrees to keep targeted consumption tax reductions as option
The ruling Liberal Democratic Party and Komeito have agreed to keep a proposed reduced rate for certain items as an option in their discussions on how to cushion the impact of the next consumption tax increase.
BUSINESS
Sep 15, 2015
Komeito wants reduced tax rate proposal kept alive
Japan should not rule out imposing a lower rate of consumption tax on certain goods, the head of Komeito told party lawmakers Tuesday.
BUSINESS
Sep 15, 2015
Proposed food-and-drink partial tax refunds may bring little benefit, economists say
Proposed tax refunds on food and drink following a hike in consumption tax next year will have only limited benefit for the economy, some analysts have warned. By one estimate, the refunds will boost gross domestic product growth by a mere 0.03 percentage point.
Japan Times
BUSINESS / Economy / YEN FOR LIVING
Sep 12, 2015
Japan's treasury hopes flat-rate beer tax will drive drinkers to maltier fare and pad coffers
Who will benefit from plans to levy the same tax rate on all three categories of beers?
BUSINESS / Economy
Sep 9, 2015
Abe pledges 2016 corporate tax cut as investment stays sluggish
Prime Minister Shinzo Abe pledged to follow through with a corporate tax cut, a day after government data underscored businesses' reluctance to ramp up domestic investment.
JAPAN / Crime & Legal
Sep 1, 2015
AKB48 management firm revises tax statement on member expenses
AKB48's management company has revised its tax statement after an audit by tax authorities found discrepancies in rent payments for group members and other errors in the three years through November 2014, according to sources.
WORLD / Politics
Aug 1, 2015
Clintons report income of $140 million since 2007; federal tax bill: $43.9 million
Democratic presidential candidate Hillary Rodham Clinton and her husband, former President Bill Clinton, on Friday reported total income approaching $140 million over the last eight years, providing evidence of the vast wealth they have accumulated.
COMMENTARY / World
Jul 19, 2015
International taxation and global development
The system of taxing global profits is broken — and it is exacerbating inequality both within and across countries
BUSINESS / Companies
Jun 23, 2015
Sapporo files protest after tax authorities reject refund request
Sapporo Breweries Ltd. filed a protest over national tax authorities' earlier decision to refuse the brewery's request for a tax refund.
JAPAN / Politics
Jun 1, 2015
Next phase of Tohoku rebuilding to be funded without tax hike, asset sales
The government will finance its planned spending of around ¥6 trillion from fiscal 2016 for reconstruction in Tohoku areas hit by the 2011 earthquake-tsunami disaster without any new tax hikes or selling off assets, according to sources.
BUSINESS / Economy
May 29, 2015
April industrial output up 1%, signaling economy finally recovering from '14 tax hike
Industrial output rose a seasonally adjusted 1 percent in April from the previous month for the first increase in three months, the government said Friday, signaling that the world's third-largest economy may be starting to recover from last year's consumption tax hike.
EDITORIALS
May 17, 2015
Fiscal road map needs hard choices
Prime Minister Shinzo Abe must be willing to make hard choices if he wants to reduce the nation's massive debt.
JAPAN / Crime & Legal
May 15, 2015
Hokkaido man's money lost at horse races not tax deductible, court rules
The Tokyo District Court turned down on Thursday a lawsuit by a man from Hokkaido who sought the cancellation of around ¥190 million ($1.6 million) in tax, dismissing his claim that the money he spent for the purchase of unsuccessful horse-race slips should be treated as tax deductable costs.
COMMUNITY / How-tos / LIFELINES
May 10, 2015
Residence cards, U.S. taxation and pension posers
A mixed bag of topics — from yet more on filing U.S. taxes to a looming deadline for 'gaijin cards.'
BUSINESS / Companies
May 9, 2015
Sharp mulls substantial capital reduction to ease tax burden
Sharp Corp. might sharply reduce its capital from the current u00a5120 billion ($1 billion) to u00a5100 million or less to put itself into the “small and medium-size companies” tax bracket to ease its tax burden, sources say.
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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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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