Japan Tax Authority Proposes New Reporting for International Funds Transfers

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Author: 

Bruce Zagaris

Date Published: 

Tuesday, July 1, 1997

Volume: 

13

Issue: 

7

Pages: 

263-264

Subject Areas: 

Taxation

Geographic Identifier: 

Japan

Abstract: 

On June 2, 1997, the Japanese First Taxation Division, which is in charge of income taxes, announced that cross-border funds over one million yen ($8,890) must reported on a routine basis to prevent tax avoidance and other non-tax irregularities ... [more]