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Politics

Japan lands trove of offshore asset data to fight tax evasion

Half a million overseas accounts identified through reporting program

Information that Japanese authorities have gained over the last two months indicate that vast amounts of previously unknown wealth had moved out of the country.   © Reuters

TOKYO -- Japan's National Tax Agency said Wednesday that it has obtained information on about 550,000 accounts that residents of Japan hold overseas, data expected to be a powerful tool in cracking down on tax evasion.

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