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Politics

Japan targets online tax evasion with specialized agents

Tougher law to help track cryptocurrency and e-commerce transactions

Japanese tax investigators will gain easier access to data from exchanges handling cryptocurrencies such as bitcoin under a new law.   © Reuters

TOKYO -- Japan will deploy about 200 specialists to detect undeclared income gained from cryptocurrency trades, monetized videos and other new economy staples, the country's tax authority said Wednesday.

The specialists assigned by the National Tax Agency will be divided into project teams spread among 12 offices nationwide starting next month. They will assist in tax evasion investigations, while also accumulating and sharing expertise with tax officials.

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