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TOKYO (AFP) - Japanese authorities on Tuesday arrested two sisters for allegedly hiding some 58 million dollars in cardboard boxes to evade tax on their inheritance, an official said.
It was the largest sum of inheritance money ever concealed from authorities in Japan, said the official from the National Tax Agency, which arrested the women in cooperation with police in the western city of Osaka.
Hatsue Shimizu, 64, and Yoshiko Ishii, 55, inherited money after their father, who was in the real estate and financial business, died three years ago.
"They concealed most of the money in cash" in a shed attached to Shimizu's house, the Osaka tax official said.
"We have confiscated 50 cardboard boxes" packed with cash, he said.
The sisters, who hold South Korean nationality, allegedly failed to declare 5.9 billion yen (58 million dollars) out of a total of 7.5 billion yen they inherited from their father.
TOKYO (AFP) - Japanese authorities on Tuesday arrested two sisters for allegedly hiding some 58 million dollars in cardboard boxes to evade tax on their inheritance, an official said.
It was the largest sum of inheritance money ever concealed from authorities in Japan, said the official from the National Tax Agency, which arrested the women in cooperation with police in the western city of Osaka.
Hatsue Shimizu, 64, and Yoshiko Ishii, 55, inherited money after their father, who was in the real estate and financial business, died three years ago.
"They concealed most of the money in cash" in a shed attached to Shimizu's house, the Osaka tax official said.
"We have confiscated 50 cardboard boxes" packed with cash, he said.
The sisters, who hold South Korean nationality, allegedly failed to declare 5.9 billion yen (58 million dollars) out of a total of 7.5 billion yen they inherited from their father.
TOKYO (AFP) - Japanese authorities on Tuesday arrested two sisters for allegedly hiding some 58 million dollars in cardboard boxes to evade tax on their inheritance, an official said.
It was the largest sum of inheritance money ever concealed from authorities in Japan, said the official from the National Tax Agency, which arrested the women in cooperation with police in the western city of Osaka.
Hatsue Shimizu, 64, and Yoshiko Ishii, 55, inherited money after their father, who was in the real estate and financial business, died three years ago.
"They concealed most of the money in cash" in a shed attached to Shimizu's house, the Osaka tax official said.
"We have confiscated 50 cardboard boxes" packed with cash, he said.
The sisters, who hold South Korean nationality, allegedly failed to declare 5.9 billion yen (58 million dollars) out of a total of 7.5 billion yen they inherited from their father.
Look at their age, what are they going to do with all that money that they can't spend. It always amuses me that how people can be so god damn greedy
Living in Japan for only a year and some months. I seen some CRAZY stuff.."
Folks walk around with WADS of money. I guess they were just wanting ALL of the money and not paying any intrest on it. Plus, folks in Hawaii walk around with WADS.." They can't do that kind of stuff in New York.
I happen to think taxing people's inheritance is completely bogus. Governments would reach into people's assholes to pull out dollar bills if they could. And with advances in technology, I wouldn't be surprised if that comes to fruition one day.
Inheritance is not even a business transaction, but a dead person wanting to pass his hard-earned fortune to his family members, a gift for chrissakes. Muscling in to force a cut from that action is completely disrespectful, if you ask me.
Same deal with property taxes. If you gotta pay for owning property, then your not really owning anything, but merely paying rent to be able to continue living there. Thats pretty much what it boils down to.
I happen to think taxing people's inheritance is completely bogus. Governments would reach into people's assholes to pull out dollar bills if they could. And with advances in technology, I wouldn't be surprised if that comes to fruition one day.
Inheritance is not even a business transaction, but a dead person wanting to pass his hard-earned fortune to his family members, a gift for chrissakes. Muscling in to force a cut from that action is completely disrespectful, if you ask me.
Same deal with property taxes. If you gotta pay for owning property, then your not really owning anything, but merely paying rent to be able to continue living there. Thats pretty much what it boils down to.
You're right. You don't own the land. The government owns the land.
Consider the flipside of inheritance tax - inherited DEBT. Even jurisdictions that don't have inheritance tax often practise passing down debt to inheritors.
Stuff like this makes me really want to ask many questions about the fundamental natures of ownership and wealth.
I think what the government did was right. In most countries the government rarely tax the poor, or the people who are ill, and weak. Example: here in Canada I don't need to pay tax, in fact almost all my life I lived by government support.
I'm a man who is mentally challenged(this is something I can talk about another time) I live a good life in Canada, I'm treated very well, and I can express my rights, regardless to the fact that I'm disabled. Here have equality.
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