2011 tax reform proposals published

December 16, 2010  |  News, Policy  |  No Comments

News, information

After much public and press discussion, on 14 December 2010 the Japanese Tax Commission announced their main proposals for 2011 tax reform.  These proposals – for individual, corporate, consumption and other taxes – are still subject to the drafting of detailed legislation and approval by the Japanese Diet Read More

Debate on 2011 tax reform reaching a peak

December 9, 2010  |  News, Policy  |  No Comments

News, information

On the 9th of December 2010, the Nikkei Keizai Shimbun reported on a meeting held the previous day of all members of the Japanese Tax Commission (the ‘JTC’). The timing of the meeting reflects the approaching end of year deadline to finalize plans for 2011 tax reform. Read More

2011 Tax Reform – Direction Unknown

November 19, 2010  |  News, Policy  |  No Comments

News, information

Under the headline “Tax Reform, Direction Unknown” an article published on the 17th of  November 2010 in Japan’s Nikkei Keizai Shimbun reported on difficulties that had entered into the process for setting tax policy in 2011.  The Nikkei noted that this was an opportunity to show real political leadership. Read More

Japanese tax preference zones?

October 27, 2010  |  News, Policy  |  No Comments

News, information

On 26 October 2010 the Nikkei Keizai Shimbun reported on proposals to introduce into Japan tax preference zones (in Japanese.’総合特区’ or ‘sougou tock’ translated below as ‘Comprehensive Special Zones’) that give preferential tax treatment to certain industries Read More

Corporate tax rate reduction and other 2011 tax proposals

October 26, 2010  |  Developments, News, Policy, Uncategorized  |  No Comments

News, information

On 26 and 25 October the Nikkei Keizai Shinbum reported on the status of a number of 2011 tax reform proposes following the most recent meeting of the Japanese Tax Commission (税制調査会 link in Japanese) on 25 October.  Key points of discussion included lowering the Japanese corporate tax rate Read More

2011 Japanese tax incentives targeting foreign investors?

October 22, 2010  |  Developments, News, Policy  |  No Comments

News, information

On Thursday 21 October 2010 the Nikkei Keizai Newspaper reported that the Japanese government was considering introducing preferential tax rates for foreign companies investing into Japan, lowering the corporation tax rate between 10 to 15 percentage points over a five year period. Read More

Discussing Japanese financial taxation

September 17, 2010  |  Individual, News, Policy  |  No Comments

Government policy

The documents made public by the Finance Tax Research Group (below ‘FTRG’), a tax committee within the Japanese Ministry of Finance, include a listing of topics that the committee considers important Read More

Round up of Ministry Proposals for 2011 tax reform

September 7, 2010  |  News, Policy  |  No Comments

Government policy

Japanese Government Ministries have completed submissions outlining their hoped for changes in 2011 tax legislation. These are collated on the Japanese Cabinet Office website (links in Japanese). Read More

METI 2011 tax reform items

August 30, 2010  |  News, Policy  |  No Comments

Government policy

On 24 August 2010 the Japanese Ministry of Economics and Industry (METI) commented on their hoped for tax reforms of 2011.  This follows their consultation with industry bodies in July – schedule and documentation here (link in Japanese). Read More

Financial Tax Review Committee considers Japan IRA Account.

August 23, 2010  |  News, Policy  |  No Comments

Government policy

The Financial Tax Review Committee (FTRC) (link in Japanese), one of the tax committees within the Japanese Ministry of Finance, commenced reviewing the feasibility of introducing a Japanese Individual Retirement Account (‘Japan IRA’) at their meeting of 29 July 2010. Read More