Prime Minister Shigeru Ishiba has set up a task force to oversee trade negotiations with the United States, headed by his close aide Ryosei Akazawa. https://www.japantimes.co.jp/business/2025/04/11/economy/taskforce-tariff-impacts/?utm_medium=Social&utm_source=mastodon #business #economy #shigeruishiba #us #tariffs #consumptiontax #taxes #japaneseeconomy #food #ldp #komeito
Calls are growing in Japan to reduce the consumption tax in order to protect the Japanese economy from so-called reciprocal tariffs enacted by the U.S. https://www.japantimes.co.jp/news/2025/04/06/japan/politics/consumption-tax-cut/?utm_medium=Social&utm_source=mastodon #japan #politics #consumptiontax #taxes
The Tokyo Regional Taxation Bureau has seized some ¥1.8 billion in back taxes, including penalties, on a Hong Kong-based game company for failing to pay consumption tax associated with revenue from in-game spending. https://www.japantimes.co.jp/news/2025/02/18/japan/hong-kong-game-back-taxes/?utm_medium=Social&utm_source=mastodon #japan #hongkong #consumptiontax #taxes
@danwentzel I think so too.
Cuz I'm shure someone like Bezos and Musk can afford the 17,6% premium that everyone else with any income has to pay in return for not loosing coverage even if they debase and unhinge themselves so hard they'll go broke, have to #TouchGrass and fold cardboard boxes for a living.
Not to mention I'd see this as a sort-of "peace offer":
Cuz some humility would really fit them...
The government and ruling parties have decided to overhaul the country's consumption tax exemption system for foreign visitors to prevent them from reselling duty-free goods in Japan. https://www.japantimes.co.jp/news/2024/11/28/japan/tax-exemption-system-overhaul/?utm_medium=Social&utm_source=mastodon #japan #tourism #taxes #consumptiontax
Japan is considering revising the consumption tax exemption system for visitors from abroad to prevent goods bought tax-free from being resold within the country. https://www.japantimes.co.jp/news/2024/08/13/japan/visitors-tax-exemption/ #japan #tourism #consumptiontax #taxes
Taxes on consumption do less damage than income taxes
https://archive.is/20231229003641/https://www.wsj.com/articles/glenn-youngkin-income-tax-sales-tax-virginia-2078d93c
"taxes on consumption do less damage than income taxes. A 2022 Congressional Budget Office study reaffirmed that a broad excise tax is a smaller drag on growth than an income tax that raises the same amount of revenue."
#tax #economics #consumptionTax
ht Cyril Morong
Prime Minister Fumio Kishida’s administration is preparing for a new economic stimulus package. So why are ruling party lawmakers calling for tax cuts? https://www.japantimes.co.jp/business/2023/10/12/economy/ldp-tax-reduction/?utm_content=buffer6ac3a&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #economy #ldp #fumiokishida #japaneseeconomy #taxes #consumptiontax
Japan's annual tax revenue likely hit a record high for the third straight year in fiscal 2022 and may have reached the ¥70 trillion ($500 billion) mark for the first time. https://www.japantimes.co.jp/news/2023/06/01/national/fiscal-2022-tax-revenue-record/?utm_content=bufferc28ca&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #japan #taxes #consumptiontax
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
https://news.bitcoin.com/biden-vows-to-veto-house-republicans-fair-tax-act-proposing-elimination-of-irs/
#HouseofRepresentatives #Unelectedbureaucrats #BidenAdministration #EarlL."Buddy"Carter #IRSCommissioner #Stateremittance #consumptiontax #Cryptocurrency #MurrayRothbard #Simplification #corporations #Transparency #Bureaucrats #Elimination #Enforcement #Progressive #Republicans #Compliance #Convoluted
