Housewife Hid 400 Million Yen in Forex Gains
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With the short term interest rate near their lowest recorded levels, it is supposed to stimulate the sluggish economy but for many punters, low interest rates are having the opposite effect and they seek to forex trading for more lucrative money profit.
A financially savvy Japanese woman who made 400 million yen trading in foreign exchange markets was fined for evading tax. She got suspended jail sentence and fined after using relative’s name to make her gains look smaller. She said in a statement. “It was unfair to have to pay tax on gains, when I made losses some years…”
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