Archive for March 25th, 2010

Cases re Japan CFC – nature of main business

March 25, 2010  |  Japanese CFC  |  No Comments

A lego interpretation of Himeji-jou - a world heritage site

This post is the first of a series which outlines precedents arising from a number of tax cases that have been heard in the Japanese courts concerning the application of the Japanese tax haven countermeasures law (THCML). These cases provide some useful guidance on the interpretation of the law concerned, but of course proper professional advice should be obtained about their application to a particular taxpayer’s specific circumstances.

The first case addresses the definition of main business for a financial year and also considers what factors are relevant to determining main business. Read More