Taxation in Japan
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Taxation in Japan is based primarily upon a national income tax (所得税) and a residential tax (住民税) based upon one's area of residence.[1] A consumption tax (currently 5%) was introduced in 1989.
Taxes are administered by the National Tax Agency.
[edit] History
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[edit] Issues
In Japan, Wall of 1.03 million yen and 1.30 million yen (103万円・130万円の壁) is a controversial social phenomenon among Japanese housewives due to the government's taxation policy. Homemakers who have an income in excess of 1.03 million yen cannot take the marital deduction (配偶者控除), while those who exceed the income of 1.30 million yen cannot take the special marital deduction (配偶者特別控除).
The result is women participating in the workforce, but the majority only as part-time workers.[2] There is a disincentive for wives to work full-time jobs.
[edit] References
- ^ Brasor, Philip, and Masako Tsubuku, "The rise and fall of property taxes", Japan Times, 3 January 2011, p. 9.
- ^ Smith, Patrick (1997). Japan: A Reinterpretation. New York: Random House. pp. 149–150. ISBN 978-0-679-74511-2.
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