The surge in undeclared taxable incomes mainly reflects cases involving wealthy individuals making investments overseas.

I've had two Japanese accountants who told me I had nothing to worry about my overseas assets, saying as long as I didn't move them in or out of Japan, there would be no way for the Japanese tax authorities to find them.

I guess that's changing with CRS and My Number.

You don’t get rich without skirting the rules, we all know it. Also wasn’t japan listed as a huge transit point for money laundering some time ago.

And you know the first people they will go after are the foreigners and those who have no political connections. Those connected to the LDP will continue to keep their profits overseas and the politicians here will continue to make insane amounts of money WHILE at the same time dining on OUR dime.

If there is anyone that needs to be investigated before all else, it is indeed the LDP and their cronies.

@Blue

Thanks for the info, but my property and securities overseas produce rental and dividend income, which I need to report in Japan, according to my new accountant. I file in my home country and am taxed accordingly there, but the Japanese authorities also want to know about it, despite a bilateral tax treaty that is supposed to eliminate double taxation.