Taxation

Japan ruling party leaves decision on sales tax cut proposal to policy chief

Japan’s Prime Minister Sanae Takaichi seeks to cut the consumption tax on food to ease the impact of inflation.

K-pop star Cha Eun-woo appeals against $11.5m tax bill after paying in full

Cha Eun-woo submitted a petition to the Tax Tribunal early in July, arguing that the tax assessment was improper.

Japanese PM Takaichi vows to proceed with temporary cut in sales tax

Japan’s Prime Minister Sanae Takaichi (centre) departs following a meeting with the Liberal Democratic Party executives at the party’s headquarters in Tokyo.

Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO

Couple’s 3 homes co-owned with their kids can still be shared during divorce

Gifts of real estate and cash to children may still be included in the matrimonial pool and shared by the parents in a divorce.

Parents put their kids as co-owners of overseas property to reduce future inheritance tax

Inheritance tax in some countries can reach 55 per cent, but joint ownership limits tax to the inherited share.

China targets offshore trusts in sweeping tax clampdown

The announcement marks one of Beijing’s most significant efforts to tighten oversight of offshore wealth arrangements and strengthen tax compliance.

India moves to bring Formula One back to the country

FILE PHOTO: Red Bull Formula One driver Sebastian Vettel of Germany leads the field at the start of the Indian F1 Grand Prix at the Buddh International Circuit in Greater Noida, on the outskirts of New Delhi, October 27, 2013. REUTERS/Adnan Abidi /File Photo

India Customs becomes second agency to fight Adani Group over nicotine pouches

A March inspection by health officials of billionaire Gautam Adani’s Mumbai international airport found the sale of nicotine pouches at its duty-free shops was against the law.

What to know about Trump’s immunity from IRS after Todd Blanche’s attorney-general confirmation hearing

Todd Blanche testifies during a Senate Judiciary Committee hearing on his nomination to be attorney-general in Washington, DC, on July 15.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.