According to reports, Japan is examining ways to collect more tax from foreign investors through the introduction of new taxes and the closure of loopholes used by overseas firms in property-related transactions.
The Japanese business daily Nihon Keizai Shimbun reported yesterday that the government’s tax reform advisory panel has drawn up proposals designed to “beef up taxation of overseas investors.”
It is thought that the government would achieve this target by introducing withholding taxes on foreign investors and widening the scope of capital gains tax on investment in real estate.
The new proposals are scheduled to be published later in December ready to be implemented in the fiscal year beginning April 2005.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment