Japan FY 2015 tax revenue falls short making extra budget difficult



Japan’s central government tax revenues in fiscal 2015 totaled ¥56.29 trillion ($549 billion), the Finance Ministry said Friday, falling short of a government estimate and making it hard to finance an extra budget expected in the current fiscal year.

Tax revenue in the year ending March 31 increased over ¥2.3 trillion from a year earlier but fell short of a government projection for the first time in seven years due to lower corporate tax revenue, as companies took a hit from the yen’s appreciation.

Total tax revenue hit the highest level since fiscal 1991 due to increased revenue from personal income tax of ¥17.81 trillion, up about ¥1 trillion from a year earlier, thanks to higher wages and stock dividend income, the ministry said.

Corporate tax revenue fell 200 billion yen to ¥10.83 trillion, over ¥900 billion less than the government had estimated.

Government bond issuance was ¥1.5 trillion lower than planned, amid continued efforts to restore fiscal health.

The ministry said there was a budget surplus of ¥254.4 billion.

Although the surplus could be used to fund a possible second supplementary budget for fiscal 2016, it would be lower than the more than ¥10 trillion that some lawmakers have said is needed. The government may have to issue additional bonds to finance the extra budget.

Consumption tax revenue, meanwhile, rose by about ¥1.4 trillion  to ¥17.43 trillion, mainly on the back of the 3-percentage-point sales tax hike to 8 percent in April 2014, the ministry said.

With the strengthening of the yen and weak Japanese stocks this year, it may also be hard to achieve tax revenue of about ¥57.6 trillion as planned in the initial budget for fiscal 2016.


Canadian Government Demands Syrian Migrant Adult Men Be Placed In High Schools Despite Documented Threats, Sharia

An aggressive campaign to resettle 1,500 Syrian refugees in New Brunswick, Canada has led to numerous reports of adult migrant men sexually harassing and threatening their new high school classmates.

According to TheRebel reporter Faith Goldy, a freedom of information request yielded 2,700 documents concerning the “fiasco” of placing “unassimilated Muslim migrant men” into Fredericton High School in New Brunswick.

During a week-long investigation into the situation at Fredericton, Goldy writes:

Sexual harassment. Bullying. Picking on the Jewish kids. Threatening and swearing at teachers. Talking about terrorist weapons, like rocket propelled grenades.

Demanding that men and women be separated, sharia style. Refusing to speak English.

It goes on and on.

In one document, highlighted in Goldy’s video report “The Hunt” below, one teacher notes:

We have been operating in an environment where there were no supports in place provided to us prior to the arrival of the Syrian newcomers [to] our high school, beyond the initial family interview and a language screener. We are living in in [sic] a province where there are no official ESL (EAL) courses for high school, no alternate programming for war-affected youth, no personnel that have designated roles, like translator-interpreters, for example to help us [sic] new set of cultural and social norms.