Japan's breakup of Postal System clears big hurdle

Article Abstract:

Japan Post, the state owned postal service of Japan is to be privatized. The plan is part of Prime Minister Junichiro Koizumi's economic policy to reduce the size of government and government spending. Japan Post's insurance and savings divisions holdings are valued at approximately 350 trillion Yen, $3.14 trillion are in deposits.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Foreign funds face tax men in Asia: South Korea, Japan claim abuses of treaties intended to encourage investments

Article Abstract:

Disputes are arising over interpretation of capital gains tax treaties in the aftermath of the Asian financial crisis, during which investment funds bought up regional assets they expected to be tax exempt. However, Asian tax officials argue that this practice fleeced governments, and that capital gains taxes are owed.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Germany, in shift, plans to cut rate of corporate taxes

Article Abstract:

Germany is planning to cut the corporate tax rate from 25 percent to 19 percent, increasing global competition to cut tax rates to create greater business investment and grow the economy.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: