Japan Income Taxes and Tax Laws

Taxation of an individual's income in Japan is progressive.
In other words, the higher the income, the higher the rate of tax payable.

The tax rate for an individual in 2009 is between 5% - 40% There are reduced rates of tax for certain income earners.

Japan corporate tax in 2009 is currently fixed at 30% and, again, there is a reduced rate of tax for certain corporations it is important to point out that the effective tax, for individuals and corporations, is higher as a result of the other local taxes that exist in Japan.

U.S. Companies Saving Billions Using Tax Schemes With Names Like 'The Deadly D'

 

		U.S. Companies Saving Billions Using Tax Schemes With Names Like 'The Deadly D'
	What nobody's saying publicly is that U.S. multinationals are already finding legal ways to avoid that tax. Over the years, they've brought cash home, tax-free,...

 

Tax Highlights for U.S. Citizens and Residents Living Abroad

This article discusses in general terms some provisions of the U.S. federal income tax law that apply to U.S. citizens and resident aliens who live or work abroad and who expect to receive income from foreign sources.

As a U.S. citizen or resident alien, your worldwide income generally is subject to U.S. income tax regardless of where you are living. Also, you are subject to the same income tax return filing requirements that apply to U.S. citizens or residents living in the United States.

However, several income tax benefits might apply if you meet certain requirements while living abroad. You may be able to exclude from your income a limited amount of your foreign earned income.

Read the full article:  http://www.taxmeless.com/IRS593Publication.htm