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Economic and Policy Lessons of Japan GLBL312, ECON474, EAST 454 Stephen Roach Spring 2021This is a seminar in forensic macro, aimed at addressing the following questions: Do the lost decades of post1990
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Last Chance for Japan is a program that allows eligible taxpayers to report foreign financial assets and potentially avoid severe penalties by coming into compliance with tax laws.
Taxpayers who have not reported foreign financial assets, such as bank accounts or securities, that exceed certain thresholds are required to file Last Chance for Japan.
To fill out Last Chance for Japan, taxpayers must complete specific forms indicating their foreign financial assets and any related tax liabilities, following the guidelines provided by the tax authority.
The purpose of Last Chance for Japan is to encourage taxpayers to report undisclosed foreign assets and ensure compliance with tax regulations, thus avoiding harsher penalties.
Taxpayers must report details about their foreign financial assets, including account numbers, balance, transaction history, and identification of foreign institutions.
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