Japan to exempt extra charges on OTC-like drugs from tax
The health ministry plans not to impose consumption tax on additional out-of-pocket costs for prescription drugs with ingredients…
Consumption tax cut on groceries could do more harm than good
Prime Minister Sanae Takaichi is pushing for a cut in the consumption tax on groceries to help Japanese…
China ramps up hunt for tax evaders, frames consumption levies as fiscal lifelines
Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned…
Market Jitters Grow over Takaichi’s “Proactive” Fiscal Agenda
The LDP’s historic win in the recent lower house election sent stocks soaring, with the the Nikkei average…
IMF urges Japan to avoid cutting sales tax amid higher expected borrowing costs
The International Monetary Fund (IMF) has warned Japan against cutting sales tax when borrowing costs on public debt…
Takaichi Tests a New Growth Formula for an Inflation Era, Economist Says
Prime Minister Sanae Takaichi is moving to reframe Japan’s economic debate around a simple proposition. The country is…
China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…