Welcome to the 21 Century: Tax sales by foreign equity firms
The Japanese tax authorities have no idea how swift foreign tax accountants and lawyers move. Japanese firms would dither for years trying to figure out the “proper” response to tax changes: Gaijin just DUMP-n-RUN.
Equity Strategists: Funds May Sell Japan Holdings
— Japanese stocks such as Asahi Tec Corp. and D&M Holdings Inc. may decline because proposed tax changes are likely to prompt private equity firms to sell shares….
…The government last month proposed a 20 percent tariff on profits made by non-residents and overseas companies in limited partnerships. The changes would also require foreign corporations and trusts to declare capital gains on sales of stakes in compaies owning real estate.
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