Japan's foreign exchange fund special account is attracting attention as a possible source of funding for consumption tax reduction or elimination proposed by many parties ahead of Sunday’s general election. https://www.japantimes.co.jp/business/2026/02/04/economy/forex-fund-special-account-tax-cuts/?utm_medium=Social&utm_source=mastodon #business #economy #forex #currencies #taxes #2026lowerhouseelection #bonds
The co-head of Japan's new Centrist Reform Alliance (CRA) has pledged to participate in a multiparty national conference proposed by Prime Minister Sanae Takaichi. https://www.japantimes.co.jp/news/2026/02/01/japan/politics/centrist-reform-alliance-consumption-tax-cut/?utm_medium=Social&utm_source=mastodon #japan #politics #taxes #2026lowerhouseelection #ldp #cra
Esther Payne :bisexual_flag:
and 1 other
boosted
I just signed this important petition on Organise, please can you add your name?
HMRC Making Tax Digital Software mandatory for freelancers, this software is not free so it is one more expense on top of everything else. They want us to use this software it should be free.
https://organise.network/s/a6a2865a059b
#uk #freelance #hmrc #taxes
I just signed this important petition on Organise, please can you add your name?
HMRC Making Tax Digital Software mandatory for freelancers, this software is not free so it is one more expense on top of everything else. They want us to use this software it should be free.
https://organise.network/s/a6a2865a059b
#uk #freelance #hmrc #taxes
Consumption tax and rising prices have been the most frequently mentioned issues on social media ahead of Japan's upcoming election, an analysis has found. https://www.japantimes.co.jp/news/2026/01/29/japan/politics/japan-lower-house-election-social-media-posts/?utm_medium=Social&utm_source=mastodon #japan #politics #2026lowerhouseelection #socialmedia #consumptiontax #taxes #inflation #japaneseeconomy
Food consumption tax cut plans have parties crunching the numbers on reducing the rate to 0% from 8% without having to issue many or any bonds. https://www.japantimes.co.jp/business/2026/01/28/economy/consumption-tax-cut-debate/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #consumptiontax #ldp #sanaetakaiachi #lowerhouse #2026lowerhouseelection #taxes
Campaigning for the Feb. 8 Lower House election kicked off Tuesday, with Prime Minister Sanae Takaichi facing off against a transformed opposition as she seeks a mandate from voters. https://www.japantimes.co.jp/news/2026/01/27/japan/politics/lower-house-campaing-starts/?utm_medium=Social&utm_source=mastodon #japan #politics #ldp #nipponishin #cra #sanaetakaichi #diet #lowerhouse #2026lowerhouseelection #taxes
Takaichi’s plan to cut Japan’s food tax is a short-term political move with limited consumer benefit, and the resulting bond market turmoil is largely exaggerated. https://www.japantimes.co.jp/commentary/2026/01/22/japan/takaichis-bad-tax-plan/?utm_medium=Social&utm_source=mastodon #commentary #japan #japaneseeconomy #taxes #sanaetakaichi #inflation
The yield on Japan’s 40-year government bond hit 4% on Tuesday, the highest since its debut in 2007 and a first for any maturity of the nation’s sovereign debt in more than three decades. https://www.japantimes.co.jp/business/2026/01/20/economy/bond-yield-hit/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #bonds #jgb #taxes #food
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
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!
