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Thread: Future of Japan
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Old Sep 12, 2017, 11:02 pm
  #22  
evergrn
 
Join Date: Feb 2013
Location: Hilton, Hyatt House, Del Taco
Posts: 5,386
yikes, lots to think about.

Originally Posted by mrploddy
When it comes to taxation - it depends on your residential status. Japanese TAX residency is different to IMMIGRATION residency.

Up to 5 years - Only income REMITTED to or made in Japan is taxable
5years + - Worldwide income is taxable
It just seems like, if we moved permanently to Jpn with all the assets and savings we have in the US, it's inevitable that we will be double-taxed on many things. Such as rental income from US property, any time we want to bring any money over, etc. In US, we have retirement account called Roth IRA where you stash away post-tax money and invest it, let it grow, and you take it out completely tax-free for retirement. It would really suck if Jpn taxes me to bring that money over to Jpn when I'm in my 60's.

And then I found this gem:
https://www.japantimes.co.jp/communi.../#.WbiwD7KGPIU
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