{"id":7986,"date":"2008-06-26T00:00:00","date_gmt":"2008-06-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"japan-relaxes-tax-rules-to-draw-more-foreign-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/japan-relaxes-tax-rules-to-draw-more-foreign-funds.html","title":{"rendered":"Japan relaxes tax rules to draw more foreign funds"},"content":{"rendered":"<p>TOKYO, June 27 (Reuters) &#8211; Japan has relaxed its tax code so foreign asset managers and hedge funds can avoid dual taxation, as part of Tokyo&#8217;s push to revive itself as a global finance centre.<\/p>\n<p>In a two-step process that began in April with the revision of a cabinet order and finished on Friday, the government has retooled tax rules so offshore funds can avoid being classified as having a &quot;permanent establishment&quot; in Japan.<\/p>\n<div>Commonly referred to as a &quot;PE&quot; in tax law, the classification would force offshore funds &#8212; which already pay taxes in their home countries &#8212; to pay domestic taxes on any returns made in Japan.<\/div>\n<div \/>\n<div>\n<div>Faced with sluggish growth and a rapidly shrinking population, the world&#8217;s second-largest economy is desperate for foreign investment and is especially keen to woo hedge funds, which have an estimated worth of $2 trillion globally.<\/div>\n<div \/>\n<div><a href=\"..\/news\/news_land.php?i=http:\/\/www.guardian.co.uk\/business\/feedarticle\/7613380\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO, June 27 (Reuters) &#8211; Japan has relaxed its tax code so foreign asset managers and hedge funds can avoid dual taxation, as part of Tokyo&#8217;s push to revive itself as a global finance centre. In a two-step process that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[276,1128,117,414,1127,716,1129,343],"class_list":["post-7986","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-fourth-quarter","tag-global-city","tag-investment-arm","tag-jose-alberto","tag-managing-partners","tag-pariah","tag-singapore","tag-spokeswoman"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7986"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7986\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}