Japan Tax Authority Proposes New Reporting for International Funds Transfers

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Tuesday, July 1, 1997
Author: 
Bruce Zagaris
Volume: 
13
Issue: 
7
263-264
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]