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Japan’s Hometown Tax | Patrick McKenzie | Kalzumeus | 19 October 2018
How Japanese taxpayers and local governments have learned to game the federal tax system, largely at Tokyo’s expense. “The regions pay to educate children, Tokyo reaps the benefits. Japan has a policy response that is sort of beautiful. The Hometown Tax System allows you to donate up to 40% of next year’s residence tax to other cities and prefectures. The idea is to donate to one’s hometown. After the system was created, city governments started getting really creative. Some bureaucrat realised that this created a market: A city government can bid for taxpayers to select you as a hometown”
from instapaper
october 2018 by petulantskeptic
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