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Family's tax evasion of forex in Japan

From news_archive.php?id=39952

According to the news release, Osaka Regional Taxation Bureau pressed charges of violating the Income Tax Law against a family of three including ex-city employee who hid total amount of 726 million yen incomes from foreign exchange trading and evaded 250 million yen of income tax charge. Each and all admitted to the charges, they revised each income reports and they are forced to pay 330 million yen in back taxes including heavy penalty tax. Osaka Regional Taxation Bureau brought an accusation against forex investors for the first time. According to officials, the accused family have begun foreign exchange trading ... (full story)

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