« Delta and Northwest agree to merge in $17.7 billion deal
Reliance talking to global firms for stake sale in gas block »

Japan planning tax changes to attract more overseas funds

HONG KONG (MarketWatch) — Japan is planning changes to its tax code that will encourage more foreign investment, according to a media report. WHEN? The revision will eliminate taxes charged on returns earned by foreign funds investing in Japan and could be implemented this month, the business daily Nikkei reported without identifying its source. Under current tax law, returns earned by overseas investors face tariffs up to 40%. The tariff does not apply to investments from 56 countries that have signed a tax treaty with Japan, including the U.S. and most European nations. The change is seen as benefiting Middle East nations, which aren’t signatories to the treaty, and could attract more investment from sovereign-wealth funds such as the Abu Dhabi Investment Authority and the Kuwait Investment Authority, the report said

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more […]

Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 9:49 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Japan planning tax changes to attract more overseas funds”

  1. Japan planning tax changes to attract more overseas funds Says:
    April 14th, 2008 at 10:38 pm

    […] unknown wrote an interesting post today onHere’s a quick excerptHONG KONG (MarketWatch) — Japan is planning changes to its tax code that will encourage more foreign investment, according to a media report. WHEN? The revision will eliminate taxes charged on returns earned by foreign funds investing … […]

  2. Forex » Japan planning tax changes to attract more overseas funds Says:
    April 15th, 2008 at 12:18 am

    […] TopForex.info wrote an interesting post today onHere’s a quick excerptJapan planning tax changes to attract more overseas funds April 14th, 2008 HONG KONG (MarketWatch) — Japan is planning changes to its tax code that will encourage more foreign investment, according to a media report. WHEN? The revision will eliminate taxes charged on returns earned by foreign funds investing in Japan and could be implemented this month, the business daily Nikkei reported without identifying its source. Under current tax law, returns earned by overseas investors face tariffs […]

Leave a Reply