SoftBank’s billions-saving tax route to be shut by Tokyo
Finance Ministry targets deliberate losses designed to slash bill ... - Continue reading
Category: Tokyo
TOKYO PUSHES BACK ON ‘BIZARRE’ DEATH TAX THAT DETERS EXPATS
Considering a work stint in Japan? You’d better make it short, and you’d better stay alive. That’s because the government subjects long-term foreign residents to inheritance tax of up to 55 percent on their worldwide assets – meaning heirs could be forced to give up their family homes or businesses,… – Continue reading
New Japan-Denmark DTA To Waive Cross-Border Tax
The Japanese and Danish governments announced on October 11 that they had signed a new agreement for the avoidance of double taxation in Tokyo. The Japanese Ministry of Finance said: “This Convention wholly amends the existing Convention, which entered into force in 1968, by revising the taxation on business profits,… – Continue reading
OECD chief expects Panama cooperation to prevent tax avoidance
The chief of the Organization for Economic Cooperation and Development said Monday that the Panamanian government is expected to cooperate in international efforts to prevent tax avoidance after the revelation of the so-called Panama Papers. OECD Secretary General Angel Gurria said in a press conference in Tokyo that… – Continue reading
G-20 to discuss combating tax avoidance
TOKYO — Measures to deter tax avoidance will be discussed at next week’s meeting of Group of 20 finance ministers and central bankers in light of the release of the Panama Papers, including expanding an information-sharing agreement to include Panama and other countries. The release of leaked documents from a… – Continue reading
Treaties and treats
In the heyday of strict implementation of tax laws, it is a welcome relief to some taxpayers that a tax treaty relief application (TTRA) is after all, what it is supposed to be, a relief. To begin with, tax treaties are entered into by countries to reconcile their respective fiscal… – Continue reading
