Thread: some people have all the luck
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Old 19-02-2011, 10:22   #1
DocDutch
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some people have all the luck
Japanese man to score $2.4 billion tax refund


Quote:
A Japanese court has ordered the government to give one man a record Aus $2.4 billion tax refund, newspapers reported.
The supreme court ruled tax authorities had no right to ask for 160 billion yen (Aus $1.92 billion) in gift tax from Toshiki Takei, a former director of consumer loans firm Takefuji Corp., the Yomiri Shimbun said.
The court said the government should give the money back to Mr Takei, who experts estimate will be entitled to interest at 4 per cent, taking his payout to 200 billion yen.
Interest rates on bank savings in Japan are currently around 0.02 per cent.
source: http://www.abc.net.au/news/stories/2...19/3143392.htm
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