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© KYODOCustoms authorities seize record-high 6,200 kg of smuggled gold in 2017
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© KYODO
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quercetum
Would Takagi get through customs with extra gold shaped in medal or would the officer say hey, I thought you only got two?
Andrew Crisp
Gold is traditionally used as a safe haven asset, there were a number of high profile gold robberies in Japan last year - do you think that the people buying this gold know something about the highly indebted Government and the economy.
DNALeri
I am not sure if the word "seize" is the right one in these cases. According to the TV news, the gold is returned after the smugglers pay the 8% tax and a fine.
BeerDeliveryGuy
There are specialized goldsmiths in South Africa who make Gold Rands into necklaces to skirt the gold/valuables import law. It’s also common for wealthy people to fashion their precious metals and minerals into jewelry so they can cross borders without having to declare.
stepoutsidethebox
If that's what they are catching imagine what's getting through. Probably 10 or 100 times that.
lostrune2
That's a lot of rectum space!
mmwkdw
So if you bought gold in another country, paid all the taxes there, and bring it to Japan, you have to pay more tax upon it's perceived value ? Sounds like yet another rip of way to squeeze money out of you.