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July 17, 2024
 

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US TAXES

Japan Times
BUSINESS
Jan 11, 2018
South Korea's plans to ban cryptocurrency trading rattles market
The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.
Japan Times
WORLD / Politics
Dec 19, 2017
U.S. Republicans appear all but certain to pass tax legislation after holdouts come on board
The Republican-controlled U.S. Congress appeared all but certain to pass sweeping tax legislation this week after two Senate Republican holdouts agreed on Monday to support a tax overhaul backed by President Donald Trump.
Japan Times
JAPAN / EXPLAINER
Dec 18, 2017
Japan set to bank ¥40 billion per year for tourism sector with new departure tax
From January 2019 Japan is set to impose a ¥1,000 tax on everyone departing the country, to secure funding for tourism infrastructure and promotion amid record-breaking arrivals of international travelers.
BUSINESS
Dec 17, 2017
U.S. renewable energy industry relieved as Republicans keep tax credits
The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.
BUSINESS
Dec 8, 2017
LDP and Komeito draft reforms set to raise taxes for 5% of Japan's salaried workers
The ruling Liberal Democratic Party's tax panel broadly approved on Thursday a draft tax reform plan under which about 5 percent of all salaried employees in Japan would face higher income taxes.
Japan Times
BUSINESS
Dec 6, 2017
EU rubber-stamps tax haven blacklist as it goes after 'digital giants'
The European Union agreed on a tax blacklist of 17 countries that could potentially face sanctions for failing to bring their standards in line with the bloc, as it seeks to further step up its fight against opaque practices that facilitate avoidance by multinationals and individuals.
EDITORIALS
Dec 5, 2017
Craft income tax reforms carefully
The nation's income tax system should be adjusted to adapt to the diversification of the ways in which people now work.
Japan Times
BUSINESS / Companies
Dec 3, 2017
SoftBank pays back taxes after underreporting income by ¥6.2 billion
SoftBank coughs up u00a51.7 billion after tax authorities spot u00a56.2 billion in underreported income from 2012 to 2015.
Japan Times
WORLD / Politics
Dec 2, 2017
U.S. Senate approves sweeping tax overhaul
The U.S. Senate approved a sweeping tax overhaul on Saturday, moving Republicans and President Donald Trump a major step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes.
Japan Times
BUSINESS / Economy
Dec 2, 2017
Japan plans to levy ¥1,000 departure tax starting in April 2019
Ruling bloc policymakers want to levy a u00a51,000 departure tax on all people leaving Japan by air or sea as part of its tax reforms for fiscal 2018.
EDITORIALS
Nov 30, 2017
Move slow on tax for departing travelers
Before the government introduces a new tax specifically designed to promote tourism, it should first explore whether such funds cannot be secured in other ways.
Japan Times
WORLD / Politics
Nov 10, 2017
Republican tax plans, both seen favoring rich and cutting deductions, advance in Congress
U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax.
WORLD / Politics
Nov 3, 2017
U.S. Republican tax plan would let churches enter political fray
U.S. religious entities would be allowed to engage in political activity without the risk of losing their tax-exempt status under a Republican proposal to overhaul the tax code unveiled on Thursday, a move that could give influential community leaders more latitude to try to influence voters.
Japan Times
JAPAN
Nov 2, 2017
Kyoto tourists will face new lodging tax next year for stays at hotels and guest houses
Users of hotels, inns and private lodging services in the city of Kyoto will face a new tax next year after the city assembly passed an ordinance on Thursday.
Japan Times
BUSINESS
Oct 27, 2017
Millions of U.S. Expats May Get Tax Relief, Financial Times Says
Millions of U.S. expatriates may pay less tax as Republicans eye the elimination of requirements for citizens abroad to pay taxes both overseas and in the U.S., the Financial Times has reported, citing House Ways and Means Committee chief Kevin Brady.
Japan Times
WORLD / Politics
Oct 13, 2017
Trump's tax plans provoke friction with IMF after study advocates social cohesion and less inequality
The International Monetary Fund spent decades telling the world's governments how to run their economies on an American-inspired blueprint that became known as the Washington Consensus.
Japan Times
JAPAN / Politics
Aug 5, 2017
Abe reaffirms plan to complete doubling of consumption tax in 2019
Prime Minister Shinzo Abe says his government remains committed to a plan to complete the doubling of the consumption tax to 10 percent in 2019.
EDITORIALS
Jul 29, 2017
Land plots with unknown owners
The government needs to take measures to deal more effectively with land plots that remain unregistered.
Japan Times
COMMUNITY / How-tos / LIFELINES
Jul 23, 2017
Gift and inheritance tax reforms leave more of Japan's foreign residents liable
A reader writes to Lifelines about Japan's recently introduced inheritance tax law, which he calls 'one of the most punitive in the world.'
Japan Times
COMMENTARY / World
Jul 23, 2017
India's botched tax reform
Prime Minister Narendra Modi's new goods and services tax is both messy and disruptive.
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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