Japan's tax income hits record, surplus will help fund defence plan

"Annual tax revenue is settled in May when tax payments from companies that closed the book for the March financial year and sales tax receipts are calculated."

"The government plans to spend it on part of the plan to double the military spending."

"Government accounts showed Japan raised 71.1 trillion yen ($491.53 billion) in tax for the fiscal year that ended March, thanks to a windfall from price hikes, the weak yen's boost to import bills and wage hikes, all of which pushed up sales and income tax revenues."

"Japan has the industrialised world's heaviest debt burden and the government has struggled to scrape together tax revenue to fill the funding gap to secure 43 trillion yen for five years to boost its defence spending plan."

"Mr. Newsom also attended Disneyland's first-ever Pride Nite, posing for photos with visitors outfitted in rainbow Mickey Mouse ears."

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"In April, Robert A. Iger, Disney's chief executive, attacked Mr. DeSantis as "anti-business" and "anti-Florida" for his actions against the company, but he has not spoken publicly on the matter since May 10."

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"Disney executives have watched in horror as attacks by Mr. DeSantis have spread."

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"Mr. Newsom was there to discuss an expansion plan that would generate thousands of jobs."

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"nnHow to handle the inflammatory claims by Mr. DeSantis has been a subject of debate among Disney executives."

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"Mr. DeSantis likes to say Disney is in favor of "sexualizing children.""

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"But cracks in its public reputation are showing, and the company is now facing the uncomfortable possibility that it will remain under attack by Mr. DeSantis for at least another year."

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""We've put this company on a pedestal -- in the past it has been like the all-American company," Mr. DeSantis said at a town hall in New Hampshire last week."

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"Mr. Iger, for instance, was photographed with Gov. Gavin Newsom of California at Disneyland on June 13."

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"Mr. DeSantis moved to restrict the autonomy with which Disney was able to oversee its Disney World resort."

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"He then denounced the law, angering Mr. DeSantis and leading to the fight that Disney is still contending with today."

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"On Tuesday, Disney filed paperwork with a federal court to propose a starting date for a trial in its lawsuit against Mr. DeSantis: July 15, 2024, the day the Republican National Convention begins."

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"Swatting back at Mr. DeSantis now would most likely exacerbate the situation."

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"It was a reminder to Mr. DeSantis that Disney had halted a project in Florida."

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"The company has also put pressure on Mr. DeSantis in subtle ways."

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"As Gov. Ron DeSantis of Florida has embarked on his presidential run, a main pillar of his message is "holding woke corporations accountable," as a fund-raising email put it on Tuesday."

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"In a recent television advertisement that aired in Iowa and South Carolina, the main super PAC backing Mr. DeSantis falsely suggested that the company was surreptitiously working to brainwash children."

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"The two sides have been at loggerheads since last year, with Mr. DeSantis bragging in speeches and on a book tour about how he punished the company for opposing a contentious education law that opponents labeled "Don't Say Gay."nn"

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"In April, Mr. DeSantis punched back -- and so did Disney, suing the governor in federal court, pulling the plug on a $1 billion project in Florida and saying another $17 billion in Disney World expansion spending was imperiled."

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