26 26 26 26 25 28 25

NISA 40 28 29 NISA 28 1 1 26 4 1 1.5 27 31 12 31 50% 800 28 3 31 28 3 31 29 3 31 90

60% 50% 50% 40% 26 4 26 4 26 7 1 e-tax AOA

8 11 29 3 31 160 120 30 120 120 60 120 70 30 70

5025 28 3 31 20 28 3 31 15

10 26 4 1 26 26 4 1 26 3 31 26 4 1

90 25 8 30 26 http://www.meti.go.jp/main/yosangaisan/fy2014/pdf/02_2.pdf 42 6 20 3 25 12 4 http://www.meti.go.jp/policy/jigyou_saisei/kyousouryoku_kyouka/ 26 1 26 26 4 1 26 3 26 3 31

13 14 29 3 31

80 1,000 7 15 1,000 3.5 7 5 26 4 1 28 3 31

25 8 30 26 http://www.meti.go.jp/main/yosangaisan/fy2014/pdf/02_2.pdf 14 1 1 14 1 2(1) 14 1 2(2) 14 1 2(3) 55 T Amaster515

14 16 29 3 31 70

10 1,000 7 1,000 3.5 1,000 1.5 1,000 7 1,000 1 1,000 3.5 1,000 7 1,000 5 1,000 20 1,000 16 1,000 28 1,000 23 1,000 4 1,000 2 1,000 4 1,000 3 1,000 20 1,000 4 1,000 28 1,000 23

26 4 1 26 4 1 26 3 31 26 4 1 28 3 31 13 M&A 25 8 30 26 http://www.meti.go.jp/main/yosangaisan/fy2014/pdf/02_2.pdf

http://www.meti.go.jp/policy/jigyou_saisei/kyousouryoku_kyouka/pdf/20131206_002.p df 55 10 15

http://www.meti.go.jp/main/zeisei/zeisei_fy2014/131001a/131001.pdf

10 12 18 20 42 4 42 4 5% 5% 30 11 42 4 42 4 11 29 3 31 42 12 4 42 12 4

27 4 1 27 4 1 28 3 31 28 4 1 30 3 31 42 12 4 42 12 4 27 12 4 42 12 4 30 3 31 26 4 1 26 4 1 26 4 1 25 4 1 26 4 1

25 8 30 26 http://www.meti.go.jp/main/yosangaisan/fy2014/pdf/02_2.pdf 30 GDP 25 http://www.meti.go.jp/policy/economy/jinzai/syotokukakudaisokushin/131001minaoshinaiyou.pdf 25 26 4 1

12 13 13 42 6 29 3 31 42 6 3,000 30 30 10 29 3 31 67 5 28 3 31

26 4 1 26 4 1 26 3 31 26 4 1 42 6 12 25 26 25 26 42 6

21 28 29 1,500 1,200 1,000 245 230 220 29 30

28 24 25 26

26 2,000 3,000

57 2

NISA 21 24 10 1 e-tax e-tax

10 1 e-tax e-tax 27 1 1 37 14 26 1 1 NISA 37 14

NISA Q&A http://www.nta.go.jp/gensen/nisa/pdf/toshikaqa.pdf NISA 26 IT

28 25 27 12 31 37 11 28 1 1 20% 28 1 1 25 28 1 1 26 28 1 1

116 27 12 31 28 1 1 20% 15% 5% 25 37 11 25

28 26 4 1 29 2

37 10 17 1 25

25 2 37 http://www.nta.go.jp/tokyo/shiraberu/bunshokaito/shotoku/130222_2/01.htm#a01 54 111 2

41 42 70 7 70 7 3

27 1 1 26 39 25 16 152 39

39 4 39 1 27 1 1 26

49 49 1.5 26 4 1 26 62 69 72 178 206

26 1 1 26 4 1 23 9 22 26 3 31

40 41 57 4 25 17 40 40

25 18 2 16 3 15 26 4 1 26 4 1 26 4 1 26 4 1 40 25 17 40 20 12 1 25 11 30 25

50 50 11 12 31 6 15 12 31 120 85 218 219

26 27 26 11 85 104 106 107 109 120 218 219 26 12 31 12 31 6 30 15

121 23

39 42 33 37 39 41 8 36 2 36 51.5 27 12 31 41 5 27 12 31 41 5 41 5 2 27 12 31 41 5 2 41 18 31 12 31

26 1 1 26 21 http://www.mhlw.go.jp/stf/houdou/0000033034.html 3,000 35 31 3

59 61. a b a b

a b a b

19 4 1 24 24 http://www.mhlw.go.jp/stf/houdou/2r9852000001q79e-att/2r9852000001q7v3.pdf 70 7

16 6 8 66 13 23 3 http://www.mhlw.go.jp/topics/bukyoku/isei/igyou/igyoukeiei/dl/houkokusho_shusshi_07. pdf 66 4

74 75 26 4 1 49 66 68

26 26 4 1 27 3 31 800 15 42 3 2 800 25.5 66 25.5 66 15 42 3 2 25.5 143 15 42 3 2 19 66 100 100 66 66 27 4 1 800 19 66 800 25.5 66 25.5 66 19 143 25.5 143 19 66 100 100 66 66

79 82 5.0 6.0 3.2 4.2 12.3 14.7 9.7 12.1 4.4 148 67.4% 81% 43.2%

81% 43.2% 1 400 1.5 2.2 400 800 2.2 3.2 800 2.9 4.3 1 400 2.7 3.4 400 800 4 5.1 800 5.3 6.7 400 2.7 3.4 400 10 3.6 4.3 4.6 5.5 0.7 0.9 1,000

26 10 1 52 72 24 7 314 4 20 10 27 26 10 27

50 800 76 90 50% 800 28 3 31 26 3 31 26 4 1

61 4 62 50 50 26 9 7 20

90 90 91 91 42 12 28 3 31 66 13 28 3 31 68 4 29 3 31 42 5 42 13 90100 55 55

26 4 1 26 90 69 142 69 1667 2

95 96 26 4 1 2434(2) 55 24 71

23 26 4 1 26 4 1

101 102 60 50 50 40 48 100 48

27 4 1 26 4 1 30 37 9 48 57 http://www.mof.go.jp/comprehensive_reform/sankou.pdf

48 2 2

101 102 50 30 1 100 26 10 1

18 50

96 99 133 26 4 1 50 27 20 27 10 75 27 50 13 18 H26.4.1 H28.3.31 H28.4.1 0.5t 10,000 10,800 11,400 0.5t 5,000 5,400 5,700 1t 5,000 5,400 5,700 2.5t 1t 5,000 5,400 5,700 2.5t 1t 3,800 3,900 4,100 26 4 1

22 26 4 1 27 20 27 10 75 80 27 50 60 26 27 27 20 75 32 27 20 50 32 50 27 10 27 25 26 27 11 100 10

LPG 13 100 15 100 10 100 10 100 15 100 10 27 4 1 7,200 10,800 5,500 6,900 4,000 5,000 3,000 3,800 3,100 3,900 13 28 20 13 7,200 12,900 5,500 8,200 4,000 6,000 3,000 4,500 3,100 4,600 1.5 2 27 50cc 1,000 2,000 50cc 90cc 1,200 2,000 90cc 125cc 1,600 2,400 2,500 3,700 125cc 250cc 2,400 3,600 250cc 4,000 6,000

90 11 10 26 https://www.mlit.go.jp/common/001021969.pdf 10 26 26

107 108 108 110

100 50

20 27 4 1 27 4 1

151 152 46 49 63 25 25 91 26

46 151 152 46 46 46 46 151 63 1/2 63 94 1/2 63 46 48 50 46 152 46 50 152 46 100 3 100 3 26 4 1

110 112 30 16

26 7 1 29 4 1 27 4 1 74 9 24 82 26

112 113 99

26 4 1 99 75 77 96 99 37

99 99

e-tax 73 51 e-tax 26 4 1 26 4 1 225 2 3

IT e-tax e-tax 23

104 106 120 126 128 131 132 26 PE PE PE PE PE PE PE PE PE PE PE PE PE PE

28 4 1 29 138 161 141 138

10 10 2010 OECD OECD

176 11 11 2010 OECD AOA Authorized OECD Approach AOA

66 4 22 10 PE 125 PE 12 12

PE 123 124 PE PE 126 132 PE 188 PE PE PE 122 2010 OECD AOA 121 2010 OECD 7

PE 121 PE 2013 10 http://www.cao.go.jp/zei-cho/gijiroku/discussion1/2013/ icsfiles/afieldfile/2013/1 0/25/25dis11kai7.pdf PE PE 123 PE PE PE 125 126 128 PE Non-PE PE PE 131

PE PE

104 106 126 127 26 PE PE PE PE PE PE PE PE PE PE

28 4 1 29 69 141 142 95 221 222 PE 13 PE

141 13 PE PE 2013 10 http://www.cao.go.jp/zei-cho/gijiroku/discussion1/2013/ icsfiles/afieldfile/2013/10/25/25 dis11kai7.pdf

PE PE PE 127 2013 10 16 3 8 142 138 2013 10 PE PE PE PE PE PE PE 130

PE PE PE PE 129 131

29 107 100 27 1 1 26 4 1 66 4 39 12

100 21 4 200 G8 BEPS

2002 2003 2004 2007 2009 4,000 2011 4,000 500 3200 3201

T 03 3836 0363 E-mail y.matsushima@totaltaxconsulting.com URL http://yo-matsushima.com/ Twitter https://twitter.com/yo_mazs Facebook https://www.facebook.com/yo.matsushima 110-0005 3 14 1 UENO CUBE EXECUTIVE 26 1 6