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Japan government spokesman denies report PM Abe to delay sales tax hike


TOKYO Japan's top government spokesman on Wednesday denied a newspaper report that Prime Minister Shinzo Abe is likely to delay a sales tax hike planned for next year.

PM Abe adviser: Japan should go ahead with planned sales tax hike next year

TOKYO Japan should press ahead with a planned sales tax hike in 2017 unless there is a major economic shock, as its economy appears to be stabilizing after the market turbulence earlier this year, an adviser to Prime Minister Shinzo Abe said on Tuesday.

May 24 2016

Japan lawmakers group urge PM to stick with sales tax hike

TOKYO A group of Japan's ruling lawmakers has urged Prime Minister Shinzo Abe to proceed with a planned sales tax hike next April and compile a supplementary budget to mitigate the impact of the tax on the sluggish economy.

May 20 2016

India's Congress party says won't change terms for supporting GST bill

NEW DELHI India's opposition Congress party on Thursday refused to relax the conditions it has laid down for backing the passage of a goods & services tax bill in parliament, further clouding the outlook for the landmark reform.

May 19 2016

Pizza restaurateur's recipe for back-taxes : rob banks

LISBON Saddled with back-taxes and other debts, an Italian restaurateur in Portugal left the pizzas aside, took a plastic replica pistol and held up a dozen banks to pay the tax man, court officials and local media said on Wednesday.

May 18 2016

Japan PM Abe to meet coalition party leader to discuss sales tax hike: sources

TOKYO Japanese Prime Minister Shinzo Abe will meet his coalition party leader to discuss a sales tax hike on Wednesday, sources told Reuters.

May 17 2016

Japan's Abe to delay sales tax hike: Nikkei

TOKYO Japanese Prime Minister Shinzo Abe has decided to delay a sales tax hike set for next April as it would threaten the nation's efforts to beat prolonged deflation, the Nikkei business daily reported on Saturday.

May 13 2016

China signs pact aimed at fighting multinational tax avoidance

BEIJING China said it has signed a multilateral agreement to share tax information on multinational companies, paving the way for it to join the fight on global tax avoidance.

May 13 2016

China state-owned bank must face U.S. whistleblower claim-ruling

NEW YORK A Manhattan federal judge on Thursday revived a whistleblower claim by a former Agricultural Bank of China Ltd chief compliance officer in her $8 million discrimination lawsuit against the Chinese state-owned bank.

May 12 2016

India's new Mauritius treaty signals end of shopping for tax havens

MUMBAI India's move to plug suspected losses in tax revenue through Mauritius, a top source of foreign investments into the country, has not sent financial markets into a tailspin as it would have just a few years ago.

May 11 2016

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