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Showing posts with the label 2018 Olympics

'Former Presidents of Last Two Olympic Host Nations Begin Jail Terms' (updated)

https://www.insidethegames.biz/articles/1063727/former-presidents-of-last-two-olympic-host-nations-begin-jail-terms And hey, what do you know. the top story on TV Asahi 10 o'clock news is about corruption scandal involving leader of an Olympic host nation. pic.twitter.com/k3ACLqR5Bh — Japan Running News (@JRNHeadlines) April 10, 2018 Update: Tens of thousands of people demonstrated outside the Japanese parliament building on April 14 demanding Prime Minister Shinzo Abe 's resignation over two corruption scandals. Video and report here . A rare sight in Japan - protesters breaking through police barricades at the demonstration: 国会議事堂前バリケード突破の様子 #国会前大集合 #国会前大行動 pic.twitter.com/vmm40PgHku — Shino@ 4/14 14:00〜 国会前大行動 #国会前大集合 (@K461582) April 14, 2018

How Much Tax Will Shitara Have to Pay on His 100 Million Yen NR Bonus? What About Pyeongchang Gold Medalist Takagi?

Huge bonuses are just flying around this week. On Feb. 28 the Nidec corporation, parent company of Pyeongchang Winter Olympics women's speed skating double gold medalist Nana Takagi 's sponsor Nidec Sankyo, announced that it would award her a bonus of 40 million yen (~$378,000 USD) for her gold medals. The JOC and Japan Skating Federation will each award Takagi and additional 10 million yen, bringing her total to 60 million yen (~$568,000 USD). At almost the same time, on Feb. 26 Tokyo Marathon Yuta Shitara (Honda) received a 100 million yen bonus (~$946,000 USD) from the National Corporate Athletics Federation for setting a new Japanese national record of 2:06:11 at the Feb. 25 Tokyo Marathon. The million-dollar question is how much tax will they have to pay? Bonuses from the JOC and member organizations, 5 million yen for gold, 2 million for silver, and 1 million for bronze, are tax-exempt. Bonuses from other organizations and sponsors are subject to taxation. In T...