| Dear Friends of the EBC,
About a month ago, Prime Minister Suga announced that the country will be carbon-neutral by 2050. The European Commission also made similar declarations when it was newly established in the spring of 2020. On the corporate side, various projects have been launched and several are in the pipeline that will support and make it possible to achieve these targets.
The EBC would therefore like to invite you to its fourth and last briefing of the year on the subject of de-carbonisation. The aim of the webinar is to showcase what some of the most important sectors are doing in this regard.
The EBC Tax Committee has not been inactive during the past weeks and worked on an EBC Statement on the proposals to amend the inheritance tax regulations. The Japanese Government has recently indicated that it might remove, in some circumstances, worldwide inheritance taxation for foreign nationals. This has and continues to be a disincentive to remain in Japan beyond ten years over a 15 year-period. While the EBC welcomes the recognition of the Government of Japan that the inheritance tax burden is making it difficult for financial institutions to recruit and retain talent, the same applies to other industries. They are all vital for the Japanese economy. Therefore, the EBC strongly requests Japan to repeal the excessively high inheritance tax burden for foreigners.
Finally, we invite you to have a look at Invest Tokyo 2020 Success Stories (English / Japanese), a variety of measures promoted by the Tokyo Metropolitan Government to support foreign financial companies, startups, and entrepreneurs with advanced technologies and expertise in financial business.
We wish you a good reading and hope you stay positive and healthy during this difficult time.
Valerie Moschetti
EBC Chief Operating Officer |
