TMKs – the Japanese SPV
Japanese ‘tokutei mokuteki kaishi’ or ‘TMK’ is a special purposes corporation commonly used in real estate and securitization transactions. Similar to a US-REIT, the TMK must distribute to as dividends nearly or all of its profits in the accounting period. The articles below describe relevant tax, legal and accounting background.
11/23/2010 • The ‘TMK’ (in Japanese the ‘特定目的会社’ or ‘tokutei mokuteki kaisha’ )、a special purpose entity commonly used in Japanese real estate...Read More
11/22/2010 • The Japanese authorities first took steps to help encourage liquidity in the Japanese real estate market through the introduction of...Read More