The Japanese Olympic Committee has been ordered to pay approximately ¥2 billion in back taxes due to improper accounting practices identified between fiscal years 2018 and 2022. Concurrently, Japan's ruling Liberal Democratic Party (LDP) is embroiled in a scandal involving the misuse of massive political funds, leading to discussions about a significant organizational 'restart tantamount to dissolution' in 2024. This scandal has implicated high-ranking officials, including the LDP's number two, who is accused of attempting to conceal the usage of these funds. In response to these developments, the LDP is considering rule changes that could hold members accountable for their treasurers' crimes, with 'Expulsion Possible in Extreme Cases'. Prime Minister Fumio Kishida has denied the necessity of attending an upper house political ethics council meeting regarding the LDP faction kickback scandal.
Prime Minister Fumio Kishida denies any need to attend an upper house political ethics council meeting regarding LDP faction kickback scandal. https://t.co/9KWP4tLyhj
The Japanese Olympic Committee has paid around ¥2 billion in additional taxes after tax authorities found improper accounting between fiscal 2018 and 2022, the committee has said. https://t.co/jSXHJ63iit
LDP Drafts Rule Changes to Hold Members Accountable for Their Treasurers’ Crimes; Expulsion Possible in Extreme Cases https://t.co/ctUY1cObae
Japanese Olympic Committee slapped with ¥2 bil in back taxes: The Japanese Olympic Committee has been slapped with around 2 billion yen in additional taxes after tax authorities found improper accounting between fiscal 2018 and… https://t.co/vhoBQG986s #japannews #japantoday
LDP No. 2 may have tried to hide massive political funds usage: A political organization associated with the secretary general of Japan's ruling Liberal Democratic Party transferred a large amount of funds to another group subject… https://t.co/knc3pBaMYz #japannews #japantoday
Japan LDP No. 2 may have tried to hide massive political funds usage https://t.co/IOQFucs5TP
Japan's LDP eyes 'restart tantamount to dissolution' in 2024 after slush fund scandal - The Mainichi https://t.co/YliKgx1uWD
Japan's LDP eyes 'restart tantamount to dissolution' in 2024 after slush fund scandal https://t.co/BAaeEqmvIy
Japanese Olympic Committee slapped with 2 bil. yen in back taxes https://t.co/wnNnsyHj6j