FY 2018 Tax reform: first proposals are in

August is traditionally the season where Japanese ministries hand in their budget requests and which fiscal measures they want to implement to support their policies. Nikkei Online listed up a number of the proposals that have become public in the past weeks.

In general, the business daily is of the opinion that overall reform of income taxation, which was on the forefront the past few years, is off the books for the moment.  Instead the trend is small tweaking, to support mid-term growth, increase of productivity and the way-of-working.

Tags : tax, reform, 2018

TMG to start trial with new procurement rules in June

Tokyo Metropolitan Government (TMG) will introduce new rules for its public procurement system on a trial basis from Juni 2017. The move was spurred by the discovery of major irregularities in a number of large scale public works tenders such as the new wholesale market in Toyosu and a number of venues for the Tokyo2020 Olympics. Lack of real competition in these tenders led to prices being driven up to extraordinary heights and practices where tenders were won by bidders offering 99.9% of the projected price.

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