51³Ô¹ÏÍø

Tag - taxes

 
 

TAXES

The 55-year-old former president of New Look, who goes by the name Shigenori Kanemoto, is suspected of evading some ?367 million in income tax by concealing about ?2.276 billion in income in 2023.
BUSINESS
Jul 23, 2026
Former head of Japanese barbecue chain arrested over tax evasion
The 55-year-old former president of New Look is suspected of evading some ?367 million in income tax by concealing about ?2.276 billion in income in 2023.
LDP lawmaker Itsunori Onodera (right), who chairs the National Council on Social Security, in Tokyo on Thursday
51³Ô¹ÏÍø / Politics
Jul 16, 2026
Parties agree on new benefit program but stay divided over consumption tax on food
While there is agreement to a refundable tax credit for certain workers, debate on cutting the consumption tax on food is expected to intensify.
Reika Kuroki and an advertising agency where she serves as president were charged with evading corporate and other taxes totaling ?157 million in the year through January 2021 and the two years through January 2024.
51³Ô¹ÏÍø / Crime & Legal
Jul 15, 2026
Japanese social media influencer given suspended sentence over tax evasion
The Tokyo District Court also imposed a fine of ?40 million on an advertising agency for which influencer Reika Kuroki serves as president.
Neyagawa Mayor Keisuke Hirose speaks to reporters in the city in Osaka Prefecture on Thursday.
51³Ô¹ÏÍø
Jul 9, 2026
City in Osaka Prefecture to tax vacant houses from fiscal 2029
Annual revenue from the tax is estimated to reach ?139 million, which will be used for measures against crimes and natural disasters.
Britain¡¯s King Charles III inspects a guard of honor during a ceremony at the Palace of Holyroodhouse in Edinburgh on June 23.
COMMENTARY / World
Jul 6, 2026
King Charles just got a lot more treasure
Charles¡¯ mother Queen Elizabeth II began paying tax only after a public outcry at the government¡¯s decision to pay for expensive repairs to Windsor Castle after a fire in 1992.
Record growth in tax revenues reflects higher wages and corporate earnings, as well as a rise in the value of consumption amid inflation.
51³Ô¹ÏÍø
Jul 4, 2026
Japan tax revenues hit record ?84 trillion in fiscal 2025
The growth reflected higher wages and corporate earnings, as well as a rise in the value of consumption amid inflation.
Tourists in Yanaka Ginza, Tokyo, on Wednesday. Japan tripled its International Tourist Tax (departure tax) to ?3,000 from ?1,000 on Wednesday for all travelers leaving Japan, regardless of nationality.
51³Ô¹ÏÍø
Jul 1, 2026
Japan triples departure tax in push to combat overtourism
Previously set at ?1,000, the tax has risen to ?3,000 for all travelers departing Japan, regardless of nationality.
The Hakuba Cross-Country Course in the village of Hakuba, Nagano Prefecture, in February. For a third year in a row, roadside land prices in the village have increased at the highest rate across Japan.
BUSINESS / Economy
Jul 1, 2026
Roadside land prices rise in popular Japanese tourist sites
Across the board, the prices of land facing major roads in Japan as of Jan. 1 went up by 2.9%, marking a fifth consecutive year of increases.
Prime Minister Sanae Takaichi speaks during a meeting on economic policy at the Prime Minister's Office in Tokyo on Thursday.
51³Ô¹ÏÍø / Politics
Jun 27, 2026
Japan government to avoid deficit-covering bonds for food tax cut
The move to avoid the issuance of deficit-covering bonds follows a policy that Prime Minister Sanae Takaichi has consistently emphasized.
A draft by a tax panel calls for reducing the consumption tax rate to 1% for food for two years from April 2027.
BUSINESS / Economy
Jun 25, 2026
Interim draft on two-year food tax cut presented
The proposal calls for reducing the tax rate to 1% for food for two years from April 2027.
Although paper customs forms are still available?in many cases, it is no longer standard practice to hand them out on all flights.
51³Ô¹ÏÍø / Society
Jun 22, 2026
Japan to fully digitalize airport customs system by 2030
The phasing-out of paper customs declaration forms is among measures eyed by the Finance Ministry to handle the inbound movement of people and goods more efficiently.
Prime Minister Sanae Takaichi at a Lower House budget committee session on Monday
51³Ô¹ÏÍø / Politics
Jun 22, 2026
Takaichi says consumption tax cut would last only two years
Asked if the cut would expire after two years even if the economy worsened, the prime minister said the measure is only ¡°a bridge¡± until a refundable tax credit program is created.
The nonpartisan National Council discusses a consumption tax reduction in Tokyo on Wednesday.
51³Ô¹ÏÍø / Politics
Jun 18, 2026
Takaichi acknowledges proposed cut of consumption tax on food to 1%
The plan has divided party members and raised concerns about its impact on financial markets.
The ruling Liberal Democratic Party pledged during February¡¯s general election campaign to speed up discussions on suspending the tax on food for two years.
BUSINESS / Economy
Jun 16, 2026
LDP still considering cutting sales tax to zero for food
The ruling party pledged during February¡¯s general election campaign to speed up discussions on suspending the tax on food for two years with a view to going ahead with it.
A consumption tax cut on groceries is intended to help households struggling to make ends meet.
BUSINESS / Economy
Jun 12, 2026
Consumption tax cut on groceries could do more harm than good
It could lead to less confidence in Japan¡¯s fiscal state, a weaker yen, higher rates and slower economic growth.
Parent-child groups cook dishes using milk offered as a return gift for the hometown tax donation program during an event held in Tokyo in March.
51³Ô¹ÏÍø
Jun 9, 2026
Hometown donations program to refocus on local community ties
Following a revision to the?furusato n¨­zei?system, the internal affairs ministry wants to move away from the ¡°good deals¡± offered through generous return gifts.
A decaying Dutch-era colonial house in Teuku Umar Street in Menteng, Jakarta on May 28
BUSINESS
Jun 9, 2026
Rotting $16 million mansion exposes Indonesia¡¯s tangled legal system
The Jakarta property is just one of many that lie derelict amid protracted wrangles over ownership which are complicated by poor records keeping and overlapping legal systems.
Since adjusting cash register systems for a 1% tax rate would take less time than for zero percent, implementing 1% next April is gaining support within the government and ruling parties.
51³Ô¹ÏÍø / Politics
Jun 7, 2026
Final decision on tax cut left to PM Takaichi: LDP exec
Since adjusting cash register systems for a 1% tax rate would take less time than for zero percent, implementing 1% next April is gaining support.
Prime Minister Sanae Takaichi during a party leaders' debate at the Lower House of parliament in Tokyo on May 20. A pledge to cut the consumption tax on food products is quickly becoming a policy headache for the prime minister.
51³Ô¹ÏÍø / Politics / ANALYSIS
Jun 4, 2026
Consumption tax cut is quickly turning into a headache for Takaichi
Translating the pledge from Prime Minister Sanae Takaichi¡¯s administration into policy has proven more complicated than many lawmakers anticipated.
President Donald Trump holds a Cabinet meeting at the White House in Washington on Wednesday, May 27.
WORLD / Politics
Jun 3, 2026
Trump administration drops $1.8 billion ¡®weaponization¡¯ fund after Republican backlash
The fund emerged after Trump¡¯s unprecedented $10 billion lawsuit ?against the IRS over the alleged mishandling of his tax records.

Longform

For many people, utility poles and power lines have become such a familiar part of Japan¡¯s landscape that they often go unnoticed.
Why Japan¡¯s utility poles won¡¯t be disappearing anytime soon

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