Server PE Public Opinion

FIA Japan Financial Instruments Committee expressed the view that Servers, etc., which are located in Japan and owned or leased by a foreign resident investor and on which a program for placing trade orders of financial products including commodity futures products is installed so as to place automatic orders, the server equipment, etc. in question shall not be construed as a Permanent Establishment for Tax Reform 2012.  We sent it to FSA in line with the procedure of Public Comment.

Public Opinion on Tax Reform 2012_E

Public Opinion on Tax Reform 2012_J