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☆ Japan PM to sack deputy finance minister over tax scandal - NHK
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

Fumio Kishida, Japan's prime minister, speaks during a news conference at the prime minister's official residence in Tokyo, Japan, November 2, 2023. Kiyoshi Ota/Pool via REUTERS/File Photo Acquire Licensing RightsTOKYO, Nov 13 (Reuters) - Japanese Prime Minister Fumio Kishida has decided to sack a deputy finance minister, public broadcaster NHK reported on Monday, after the official last week admitted to media reports that he had been delinquent on tax payments in the past. State Minister of Finance Kenji Kanda, who is in charge of government bonds and monetary policy, would be the third to leave a ministerial post in just two months since Kishida reshuffled his cabinet to improve tumbling public approval ratings. The report of Kanda's firing comes as the latest poll by broadcaster FNN showed the approval rating for Kishida's cabinet reaching a record low of 27.8%, sliding 7.8 points from last month. Reporting by Kantaro Komiya and Satoshi Sugiyama Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Fumio, Kiyoshi Ota, Fumio Kishida, of Finance Kenji Kanda, Kishida, FNN, Kantaro Komiya, Satoshi Sugiyama, Chang, Ran Kim Organizations: Rights, NHK, of Finance, Thomson Locations: Tokyo, Japan

☆ Japan PM to Sack Deputy Finance Minister Over Tax Scandal - NHK
▼ + stars: | 2023-11-12 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida has decided to sack a deputy finance minister, public broadcaster NHK reported on Monday, after the official last week admitted to media reports that he had been delinquent on tax payments in the past. State Minister of Finance Kenji Kanda, who is in charge of government bonds and monetary policy, would be the third to leave a ministerial post in just two months since Kishida reshuffled his cabinet to improve tumbling public approval ratings. The report of Kanda's firing comes as the latest poll by broadcaster FNN showed the approval rating for Kishida's cabinet reaching a record low of 27.8%, sliding 7.8 points from last month. (Reporting by Kantaro Komiya and Satoshi Sugiyama; Editing by Chang-Ran Kim)

Persons: Fumio Kishida, of Finance Kenji Kanda, Kishida, FNN, Kantaro Komiya, Satoshi Sugiyama, Chang, Ran Kim Organizations: NHK, of Finance Locations: TOKYO

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ Dominion sued Fox News for $1.6 billion. Internal documents show the tech company is only worth $80 million at most, Fox says.
▼ + stars: | 2023-02-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Dominion sued Fox News for $1.6 billion, alleging it helped spread election conspiracy theories. "Even under the most optimistic projections," they wrote, Staple Street did not forecast Dominion would be worth "anywhere near $1.6 billion." "At no time did Staple Street so much as hint to its investors, auditors, or anyone else that Dominion could be worth $1.6 billion," they wrote. "Yet, when Dominion decided to file a lawsuit to punish FNN for reporting the President's allegations about Dominion, Dominion chose to claim that Dominion's value was 20 times their highest estimate." The $1.6 billion lawsuit, Fox News argues, will have a chilling effect on media outlets everywhere.

☆ Japan cautious on capital gains tax; must stick to increasing defence
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Dec 4 (Reuters) - Japan should avoid rushing into raising capital gains tax as doing so could send a wrong message to markets when Japan is encouraging financial investment, a senior government official said on Sunday. "Strengthening taxation could send a wrong signal that runs counter to our aim of expanding investment," Deputy Chief Cabinet Secretary Seiji Kihara said in a programme on broadcaster FNN, referring to capital gains tax. The tax has been contentious since Prime Minister Fumio Kishida swept to power last year pledging to review what is seen an unfair tax that favours the rich earning hefty financial investment income. In Japan, differences between the income tax and capital gains tax rates causes what is known as the wall of 100 million yen, at which the effective tax rate on financial investment income starts to decline. "We must do what we should do regardless of whether there are funding sources or not," Kihara said.

The launches came a day after North Korea fired at least 23 missiles, the most in a single day, including one that landed off South Korea's coast for the first time. About an hour after the first launch, South Korea's military and the Japanese coast guard reported a second launch from North Korea. South Korea issued rare air raid warnings and launched its own missiles in response after Wednesday's barrage. On Oct. 4, North Korea launched a ballistic missile over Japan for the first time in five years, prompted a warning for residents there to take cover. It was the farthest North Korea had ever fired a missile.

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