Japan to give tax breaks for foreigners to attract financial experts

Japan plans to implement tax incentives for long-term foreign residents as part of efforts to turn the country into a major international financial hub, government sources said Wednesday.Under the current system, Japan imposes an inheritance tax on foreigners’ overseas assets if they live in the country for more than 10 years, but the special measure to be introduced will allow them to be exempted from the imposition, according to the sources.The government also plans to allow unlisted firms including investment funds to add remuneration of executives to business expenses to help reduce their …

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HEDGE accordingly