In Japan, if you own virtual currencies (VCs) like Bitcoin, Ethereum and Ripple, you’ll be imposed taxes on every single transaction like not only selling, but also exchange and settlement only because the government is desperate to take away money from you. In the previous post, I explained how to calculate them for filing tax returns. Perhaps, you’ve already been aware that it’s so difficult to increase your property by owning VCs since the tax rate goes up to 55% maximum. Sponsored Link Tax Rate Taxable Income Tax Rate Tax Credit 1 ¥200K ~ ¥1.95M 5% 0 2...Read More
Month: February 2018
In the last several months, I’ve been asked if I own virtual money by a lot of people. In Japan, it’s boomed especially among the millennial generation. In addition, a large number of comedians, bloggers, athletes and celebrities have speculated in various currencies. As you know, a majority of the virtual currencies (VCs) greatly increased in value last year. For instance, the bitcoin price went up from ¥130,000 (April) to ¥2,300,000 (December) in 2017, meaning became 18 times within 8 months. Furthermore, there’s even another one whose value became 500 times within a year, which is crazy. Sponsored...Read More
Sochi Olympics (the uniforms are Mizusawa Down)/ Photo: Mark Humphrey, AP In 2002, Descente worked on creating the Cortex suits and uniforms for the Japanese, Swiss, Spanish and Canadian teams competing in the 2002 Winter Olympics in collaboration with Eiko Ishioka, a Japanese art, costume and graphic designer. In 2008, the company launched their first Mizusawa Down (jacket). In 2010, Mizusawa Down was adopted as the official uniform for the Japan team of the 2010 Winter Olympics in Vancouver. Since the first launch of Mizusawa Down, there has been a growing consciousness of their quality winter outerwear among Japanese people,...Read More
I usually buy a winter jacket once every three years. So, 2016 was the year that I was supposed to do so, and back then I was living in Sweden. As I’ve discussed many times in this blog, I’m an Acne Studios geek. Since buying Acne goods in Sweden is 30 to 40% cheaper than doing so in Japan, I was planning to buy an Acne’s down jacket there. I asked a shop assistant what their most recommendable outerwear was, and he showed this down jacket. I tried it on and it was kind of perfect for me like...Read More
A friend of mine Liezl has recently traveled in ASEAN countries from the Philippines to Malaysia, Thailand, Singapore and others for the sake of broadening her horizon. The other day, I had an opportunity to talk to her about these countries’ economic environment as well as her experience in this trip. Since a majority of the countries are still developing nations, the cost of living in these countries is still low. So, she seemed to be willing to work or start up her project there in the future. The only country which wasn’t really her thing was Singapore, well-known...Read More
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