Tag - consumption-tax

 
 

CONSUMPTION TAX

Japan Times
BUSINESS
Sep 1, 2019
Can a tax rebate persuade Japan’s mom-and-pop stores to shift to cashless payments?
Despite the government pushing the opportunity to accelerate Japan’s shift away from cash, many small-business owners are hesitant to change over to cashless payments.
Japan Times
BUSINESS
Aug 28, 2019
Japan credit card firms may apply discounts to monthly payments to ease impact of tax hike
Major credit card companies are considering deducting points earned during purchases from the balance requiring payment, under a government rebate program intended to cushion the impact of the consumption tax hike planned for October, it was learned Tuesday.
EDITORIALS
Aug 14, 2019
No cause for optimism over economy’s course
Decelerating global growth is testing Japan’s efforts toward sustained growth driven by domestic demand.
BUSINESS
Aug 1, 2019
Tax on takeout food and nonalcoholic drinks in Japan to remain at 8 percent
Food eaten while walking or on public benches at amusement parks will be subject to a lower tax rate than food eaten in stores after the planned consumption tax hike in October, according to guidelines revised by the National Tax Agency on Thursday.
JAPAN / Politics
Jul 31, 2019
Actor-turned-politician Taro Yamamoto aims for real-life starring role as future Japan PM
Actor-turned-politician Taro Yamamoto is angling for a new real-life role in which he leads his novice party and allies to victory, ousts long-ruling conservatives and takes over as prime minister within the next few years.
Japan Times
JAPAN / Politics
Jul 22, 2019
Abe vows to push forward constitutional change despite failure of pro-revision forces to win Upper House supermajority
In a post-election news conference, Abe said his longtime goal isn’t out of reach and he will to try to compromise with those working against him.
Japan Times
JAPAN / Politics / ANALYSIS
Jul 21, 2019
After Upper House election, ruling bloc bets political cost of tax hike will be limited
The hike is expected to generate an additional u00a55.7 trillion in annual revenue, of which u00a52.8 trillion will be used to defray the national debt.
BUSINESS / Economy
Jul 17, 2019
Japan’s looming sales tax hike prompts less rush demand so far, suggesting painful economic impact can be avoided
The nation’s economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest.
JAPAN / Politics
Jul 3, 2019
Abe squares off with opposition leaders ahead of Upper House election
Prime Minister Shinzo Abe said during a debate with opposition leaders on Wednesday that he will go ahead with the planned sales tax hike in October but vehemently denied there will be further increases while he remains in power.
BUSINESS / Economy / ANALYSIS
Jul 1, 2019
Abe sticks with plan to raise Japan’s consumption tax despite weak tankan results
Analysts say all signs point to the October increase going ahead as planned.
BUSINESS / Economy
Jun 12, 2019
Surprise gain in Japan’s machinery orders masks cooling investment outlook
Machinery orders unexpectedly rose for a third straight month in April, signalling solid business investment, although analysts expect an intensifying Sino-U.S. trade war and global slowdown to hurt capital spending plans in the coming quarters.
Japan Times
BUSINESS / Economy
Jun 4, 2019
Japan’s policy guidelines call for more stimulus next year amid concerns over global protectionism
Japan should deploy expansive fiscal stimulus “without hesitation” next year if overseas economies pose downside risks to growth, a draft of the government’s annual economic policy road map showed on Tuesday.
BUSINESS / Economy
May 30, 2019
Japan business lobby JCCI urges sales tax hike to proceed as planned
The head of a Japanese business lobby said a planned sales tax hike should proceed in October to sustain the social security system for a rapidly graying population, despite calls from elsewhere to postpone it given growing economic challenges.
Japan Times
BUSINESS
May 27, 2019
Warning that tax hike would doom Abenomics, former aide vows to convince PM to delay yet again
Prime Minister Shinzo Abe should postpone the consumption tax increase scheduled for October or face the failure of Abenomics, his six-year economic revival program, according to one of the architects of that program.
BUSINESS
May 25, 2019
Japan to promote tax hike preparations by small businesses
The industry ministry will hold meetings in major cities in June to encourage small businesses to speed up their preparations for the October consumption tax hike, it has been learned.
JAPAN / Politics
May 25, 2019
Abe says double election not necessarily in the cards even if tax hike is delayed
Prime Minister Shinzo Abe has said he will not necessarily call a Lower House election even if his government decides to delay an unpopular consumption tax hike planned for Oct. 1.
Japan Times
BUSINESS / Economy / ANALYSIS
Apr 26, 2019
Abe’s poker face: If Japan’s leader is wavering on tax hike resolve, how will we know?
Twice before, Prime Minister Shinzo Abe has backed away from the sort of sales tax hike that toppled at least one predecessor. Now, he faces the same dilemma again.
Japan Times
BUSINESS / Economy
Apr 15, 2019
OECD secretary-general urges Japan to pull trigger on tax hike and pursue structural reforms
A top OECD official says the scheduled consumption tax hike to 10 percent this fall is “essential” to ensure Japan’s fiscal sustainability.
Japan Times
BUSINESS
Mar 17, 2019
Forget consumption tax hike and give structural reform another try, ex-economy chief Heizo Takenaka says
Prime Minister Shinzo Abe should again abandon his oft-delayed plan to hike the consumption tax this year because it risks pushing Japan’s economy into recession and hampering efforts to generate stable inflation, according to former economy minister Heizo Takenaka.
COMMENTARY / Japan
Feb 21, 2019
Abe’s consumption tax hike has a target on its back
China’s slowdown may provide an excuse to shelve next October’s scheduled increase.

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