Prime Minister Sanae Takaichi is considering a pledge to suspend the sales tax on food as part of her campaign for a general election next month, the Mainichi newspaper reported, citing unnamed sources. https://www.japantimes.co.jp/news/2026/01/17/japan/politics/takaichi-sales-tax/?utm_medium=Social&utm_source=mastodon #japan #politics #taxes #consumptiontax #food #inflation #ldp #sanaetakaichi
Wealth taxes are difficult to implement, risk reducing growth and capital and cannot solve the structural fiscal challenges facing aging societies and overpromising governments. https://www.japantimes.co.jp/commentary/2026/01/12/world/wealth-taxes-dont-work/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #wealth #taxes #rich #poverty #socialwelfare
If you’re wondering how to set your child up for financial success with the new changes to Japan's "NISA" investment accounts, here’s some tried-and-true wisdom to start 2026 off on the right fiduciary foot. https://www.japantimes.co.jp/life/2026/01/10/lifestyle/nisa-children-investing-finances-savings/?utm_medium=Social&utm_source=mastodon #life #lifestyle #nisa #taxes #children #investments
tools for commensality 🧿
boosted
USians: Is any information publicly available about the kinds and amounts of tax deductions taken by partnerships or sole proprietorships? The IRS claims to approve of deductions that are “ordinary,” and I believe they test this by comparing each return to those of other businesses in the same sector. I hope to figure out whether to switch to another industry on Schedule C, line B.
Non-USians: Go ahead and laugh at us.
USians: Is any information publicly available about the kinds and amounts of tax deductions taken by partnerships or sole proprietorships? The IRS claims to approve of deductions that are “ordinary,” and I believe they test this by comparing each return to those of other businesses in the same sector. I hope to figure out whether to switch to another industry on Schedule C, line B.
Non-USians: Go ahead and laugh at us.
AI Employees Don't Pay Taxes
Tokyo-based advertising company called Solarie and its president, Reika Kuroki, also known as influencer Reika Miyazaki, are suspected of evading ¥157 million in corporate and other taxes. https://www.japantimes.co.jp/news/2025/12/25/japan/crime-legal/japanese-influencer-tax-evasion/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #socialmedia #reikakuroki #taxes
Japan's government revised up its economic forecast for the fiscal year to next March and projected that growth would accelerate in the following year, on the view that a massive stimulus package will boost expenditure. https://www.japantimes.co.jp/business/2025/12/25/economy/japan-govt-economic-growth-projection/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #consumption #taxes #budgets #sanaetakaichi
The government and ruling coalition are considering capping tax-free holdings at ¥6 million for a new investment program planned to be launched for minors under the NISA framework. https://www.japantimes.co.jp/business/2025/12/10/nisa-tax-free-cap-minors/?utm_medium=Social&utm_source=mastodon #business #nisa #taxes #children #investments #ldp #nipponishinnokai
Happy to share that that our article on older adults and tax delegation in Canada is published! See comment for important takeaway about what you should do if you help older adults (or anyone) by doing tax prep and filing for them. #aging #taxes
Takeaway: Get a CRA RepID if you help out older folks (or anyone) by preparing and filing their taxes. This is available to anyone (not just accountants), so the people you help don't need to share CRA passwords with you!
The ruling Liberal Democratic Party has begun discussions on increasing the income tax rate in 2027 as part of efforts to secure financial resources for a hike in the country’s defense spending. https://www.japantimes.co.jp/news/2025/12/05/japan/ldp-income-tax-hike-defense-spending/?utm_medium=Social&utm_source=mastodon #japan #defense #ldp #taxes
The government and ruling parties have begun discussions on correcting what they say is an imbalance in tax revenues favoring Tokyo, which has led to widening regional disparities in administrative services. https://www.japantimes.co.jp/news/2025/12/04/japan/tax-revenue-gap-regions/?utm_medium=Social&utm_source=mastodon #japan #taxes #ldp #jip #tokyometropolitangovernment #yurikokoike
maco
boosted
Listen here to Franklin Roosevelt ( #FDR) introducing 80 years ago his economic bill of #rights"
For 40 years, America prospered and then came the 'no-more-taxes' era.
His 2nd bill of rights guaranteed:
- Employment (right to work)
- An adequate income for food, shelter, and recreation
- Farmers' rights to a fair income
- Freedom from unfair competition and monopolies
- Decent housing
- Adequate medical care
- Social security
- Education
Isn't it time to stop with 'no-more- #taxes'?
Government experts and lawmakers are discussing possible changes to policies concerning foreign nationals, including those on real estate purchases and visas, to recommend to Prime Minister Sanae Takaichi. https://www.japantimes.co.jp/news/2025/12/04/japan/explainer/explainer-japan-foreign-nationals/?utm_medium=Social&utm_source=mastodon #japan #explainer #sanaetakaichi #foreignworkers #tourism #taxes #nationalhealthcare
Britain’s property tax system is unfair and outdated, and a proportional national property tax could improve fairness, mobility and long-term economic growth. https://www.japantimes.co.jp/commentary/2025/12/02/world/uks-irrational-property-taxes/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #uk #taxes #property #rachelreeves #london #mansiontax
The government and the ruling camp are considering capping the amount of tax deductions allowed under the furusato nо̄zei hometown donation system. https://www.japantimes.co.jp/business/2025/12/02/furusato-nozei-cap-deductions/?utm_medium=Social&utm_source=mastodon #business #furusatonozei #taxes #localgovernment
Japan on Tuesday held the first ministerial meeting to review tax measures, subsidies and funds, in an effort inspired by the "department of government efficiency" (DOGE) in the United States. https://www.japantimes.co.jp/news/2025/12/02/japan/politics/doge-ministerial-meeting/?utm_medium=Social&utm_source=mastodon #japan #politics #doge #sanaetakaichi #donaldtrump #us #taxes #satsukikatayama #financeministry #budgets
Japan is considering launching a new investment program for children under the country's new Nippon Individual Savings Account tax-exemption framework with the aim to expand eligibility to those under 18. https://www.japantimes.co.jp/business/2025/12/02/nisa-program-children/?utm_medium=Social&utm_source=mastodon #business #nisa #taxes #children #investments #ldp #nipponishinnokai
Swiss voters have resoundingly rejected a proposal to replace the current men-only military conscription with a compulsory civic duty for all and another on taxing the superrich to fund the climate fight. https://www.japantimes.co.jp/news/2025/12/01/world/politics/swiss-civic-duty-climate-tax-rich/?utm_medium=Social&utm_source=mastodon #worldnews #politics #eu #taxes #europe #switzerland