Japan to lure overseas finance talent with inheritance tax break


Source: nikkei.com nikkei.com

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Tokyo's downtown skyline. Japan is looking for ways to become a more attractive destination for top overseas talent to work in. © Reuters TAKASHI TSUJI, Nikkei staff writer October 14, 2020 02:03 JST | Japan Copy Copied TOKYO -- Japan plans to sharply cut the inheritance tax bills for highly skilled overseas professionals working in Japan, Nikkei has learned, as part of a broader scheme to nurture the country's status as a global financial center. The plan is to exempt assets held abroad from the inheritance tax levy for certain qualified people. There are also reforms in the works that...