1.
Cross-country drive on 2 gallons of gas
OSAKA, Japan, March 13 (UPI) -- Two Japanese sisters are in custody, accused of dodging about $28.5 million in inheritance tax they allegedly owed the government, authorities said.
The 64- and 55-year-old sisters, who run real estate and finance companies, are accused of violating Japan's inheritance tax law, the Mainichi Shimbun reported Wednesday.
Prosecutors and the Osaka Regional Taxation Bureau reportedly raided 10 locations Tuesday, including the sisters' homes.
Prosecutors allege the two inherited about $59 million from their father but didn't report most of it and so still owe $28.5 million in taxes.
The report said authorities found almost all of the concealed cash in dozens of cardboard boxes and paper bags in the older sister's home. She denied the allegations, saying she had earned the money herself.
If proved, the case could become Japan's largest inheritance tax-evasion case, the Yomiuri Shimbun reported.
|
|
|
|
|
|
| Additional Odd News Stories | |
NEW YORK, May 28 (UPI) --
"Sex and the City" actress Cynthia Nixon married her girlfriend, education activist Christine Marinoni, in New York, officials say.
|
WASHINGTON, May 28 (UPI) --
Rolling Thunder motorcyclists moved into Washington as part of the annual Memorial Day weekend ride held in remembrance of war dead and those missing in action.
|
MEMPHIS, May 28 (UPI) --
A California auction house said Elvis Presley's original crypt in Tennessee, where the King was entombed for two months, is going up for auction.
|
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
|
| Stories | Photos | People | Comments |
View Caption
