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Economy 13 Sep 2013 | 3:51 PM

Japan ministers disagree of sales tax offset package

Japan's top two financial ministers openly disagreed on whether a corporate tax cut was needed to cushion any pain from an increase in the sales tax, as the government upgraded its view of the economy on Friday for the seventh time this year.

Plantations 04 Oct 2018 | 5:25 AM

Palm oil producers urge govt to review 5% sales tax

KUALA LUMPUR: Palm oil producers are urging the government to reconsider and review the Sales Tax (Rates of Tax) Order 2018 on fresh fruit bunches (FFB) as the industry is already burdened by cesses, levies and taxes, including the corporate tax.

Business 23 Aug 2013 | 10:16 AM

Gloom in Japan over proposed sales tax hike

Most Japanese companies will not increase hiring in 2014 and more than one in six will take additional cost-cutting steps as a planned sales tax hike next year worsens economic conditions, according to a Reuters poll that underscores scepticism about Prime Minister Shinzo Abe's policies.

Business 20 Sep 2013 | 3:35 PM

Japan economy expected to withstand sales tax hike

TOKYO: Japan's economic recovery is expected to survive the impact from scheduled increases in the sales tax, a Reuters poll showed, as the government prepares economic stimulus measures to soften the blow.

Business 04 Sep 2013 | 8:52 AM

BOJ to consider further easing if sales tax hike goes ahead

TOKYO: The Bank of Japan will consider further monetary easing if Prime Minister Shinzo Abe decides to raise the sales tax as planned to 8 percent from 5 percent in April, the Asahi newspaper reported on Wednesday.

Economy 31 Mar 2014 | 9:58 AM

Japan factory output slides, sales tax looms

TOKYO: Japan's factory output unexpectedly fell in February at the fastest pace in eight months in a possible sign that the benefits from last-minute demand before an impending sales tax hike may have run their course.

Economy 30 Aug 2013 | 4:37 PM

Japan stock volatile as sales tax looms

Japan's switch to aggressive reflationary policies got off to a good start, but long-term investors remain wary of the Nikkei share market's acute volatility and are hesitant to commit as a debate within the government over hiking the sales tax heats up

Economy 03 Sep 2013 | 2:23 PM

Japan tells G20 it will raise sales tax

Japan will tell G20 nations at a summit this week that it will proceed with a planned two-stage sales tax hike, and consider compiling an extra budget for fiscal spending to ease the pain on the economy, Finance Minister Taro Aso said on Tuesday.

Business 04 Jul 2019 | 12:00 AM

Abe rules out raising sales tax beyond 10% for decade

TOKYO: Japanese Prime Minister Shinzo Abe (pic) said he was not considering raising the sales tax beyond 10% under his administration, and that he saw no such need for at least a decade.

Economy 20 Dec 2013 | 1:29 PM

Abe says 2014 GDP key to second sales tax increase

Japan's economic growth in the July-September quarter next year will be a crucial factor determining whether the government proceeds with a second stage of sales tax increases in 2015, Prime Minister Shinzo Abe said on Friday.