Global Analysis from the European Perspective. Preparing for the world of tomorrow

Japan may impose tougher penalties for gold smuggling, as rise in cases seen as ‘tip of iceberg’

The government will consider stricter penalties on gold smugglers as attempts to illegally bring gold into Japan have been soaring, with offenders attempting to pocket the 8 percent consumption tax from transactions. The number of gold smuggling cases uncovered by customs authorities in the year through June jumped 1.6 times the previous year to hit a record 467, involving around ¥870 million ($7.6 million) in tax avoidance, also the largest on record, up 1.4-fold. Source The Japan Times

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.