Paying for reconstruction in the aftermath of the tsunami has been a major point of discussion in Japan. Next up for consideration? Taxes. Japanese Prime Minister Naoto Kan has been dancing around the question of whether Japan would go ahead with a planned tax cut for businesses. The country had been in talks to reduce…
First, my thoughts and prayers go out to those affected by the events in Japan. The stories and photos coming out of Japan are just heartbreaking. I know that many of you, like me, want to know what you can do to help out in what is being referred to as Japan’s ‘most difficult crisis’…
CNBC has published a list, based on Organization for Economic Cooperation and Development (OECD) numbers, of the world’s highest corporate tax rates. The numbers are based on “combined corporate income tax rates” which purports to include both national and local levies. The list is compiled from a list of OECD member countries which means that…
Tax attorneys for Amazon.com must be working overtime these days… This week, Amazon.com learned that it faced another affiliate challenge: in Japan. This time, however, rather than its affiliate sales program, the focus is on corporate affiliates for Amazon.com. The two affiliates in question are Amazon Japan and Amazon Japan Logistics, which, exactly as they…
One of my favorite tax stories to come out of the BBC (yes, even more than the new UK budget) is the saga of Hatsue Shimizu and Yoshiko Ishii. The two Japanese sisters have been arrested for alleged tax evasion – the National Tax Agency in Japan is calling it the biggest ever case of…