Once the darling of Japanese stock investors, department stores have lagged the recent broad market rally and could fall further behind as a strong yen dents tourist spending power. https://www.japantimes.co.jp/business/2025/07/03/economy/department-stores-shares-lag/?utm_medium=Social&utm_source=mastodon #business #economy #departmentstores #japaneseeconomy #tourism #shopping #retailers #shopping #earthquakes #taxes
Japan’s tax revenues hit a record of around ¥75.2 trillion in the fiscal year ended March, but the windfall still left questions over how Prime Minister Shigeru Ishiba will fund his cash handouts. https://www.japantimes.co.jp/business/2025/07/02/economy/japan-record-tax-revenues/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #taxes #debt #shigeruishiba
A consumption tax cut has entered the political conversation ahead of this month's Upper House election despite the Liberal Democratic Party opposing such a reduction. https://www.japantimes.co.jp/business/2025/07/02/economy/election-tax-cut-focus/?utm_medium=Social&utm_source=mastodon #business #economy #consumptiontax #taxes #ldp #japaneseeconomy #tariffs #sanseito #dpp #cdp #yoshihikonoda #2025upperhouseelection #budgets #komeito
Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. https://www.japantimes.co.jp/business/2025/06/30/economy/canada-digital-tax-us-trade-talks/?utm_medium=Social&utm_source=mastodon #business #economy #canada #markcarney #us #donaldtrump #trade #tariffs #taxes
Trump and Senate leaders work overtime to secure votes for spending bill https://www.japantimes.co.jp/news/2025/06/29/world/politics/us-congress-trump-tax-bill/?utm_medium=Social&utm_source=mastodon #worldnews #politics #us #congress #taxes #donaldtrump #budgets
Lets be clear; changes to tax laws do not 'force' the wealthy to leave the country.
The wealthy are choosing not to increase their contribution to the country they are (currently at least) living in.
Sure that is a choice they are free to make, but its their choice; no-one is forcing them into anything.
They already have enough money, so refusing to pay higher taxes is a choice about what they wish to support in their (for now) home country!
They are not victims!