Japanese real estate tycoon Genshiro Kawamoto has been arrested in Tokyo on suspicion that he evaded paying more than $8.5 million in corporate taxes on commercial buildings he owns in Japan and reportedly used the money to fund a project at one of his more than two dozen homes in Hawaii.
Kyodo News reports Kawamoto, 81, was arrested for hiding some 2.9 billion yen in revenue over a three-year period ending in December 2011, and avoiding paying some 862 million yen in taxes. Kyodo reports Kawamoto’s…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/9paj4zEkA3M/japanese-real-estate-tycoon-kawamotos.html
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