日刊新聞 | Nikkan Shinbun

The Newspaper has moved into a new facility

Acadia wants to help, but they have an incompetent ambassador.

LOL we need risk taking investors, not ambassadors

But that is also me D:

Stocks Nosedives to a Crash as Folland's Situation Worsens

Okaiken's AIX Exchange crashes in what is being called an "extremely reckless move" by the Follandian Government to control its exports of its resources.

The Sampetsu 500 Index lost 5.8% of its value - more than 874 points while Kwangju's KSX lost a staggering 1000 points - more than 10% of its original value.

This had been the worst crash Okaiken had gone since 1995's Eastern Althenian Financial Crisis

Head of Finance Ii Tadamasa never expected the move by Folland.

"This decision of Folland is an extremely reckless move to the benefit of themselves while the rest of the world suffers," Ii stated in an emergency press conference at the Diet.

Unexpected Consequences

Okaiken is considering cutting all its exports to Folland, following similar moves by other countries.

Oil exports had already been cut in the Euphemian Nation, driving the gas prices up to its record levels in the country.

More Decline on the way

Ii warned that the situation in the Euphemian Regions will be worsening in the following days; as Okaiken's largest trading partner, The Euphemian Continent is the source of 40% of Okaiken's imports and 35% of its exports.

Okaiken's direct investment into Bergenstein's local currencies tops 15 Billion En since 2008

OKASHI, July 21 (CDS) -- Sanese have directly invested over 15 billion en in Bergenstein's local currencies over the past five years for tax evasion, a lawmaker said Sunday, citing government data.

Rep. Yukio Takamura of the main opposition Democratic Party, releasing data obtained from the National Tax Service, the Okaiken Customs Service and other government agencies, said Sanese individuals and enterprises funneled 14.98 billion en in direct investment into a number of local currencies in Bergenstein..

The five-year direct investment of over 15 billion en accounted for 8 percent of their entire overseas investment of $98 billion en in the same period, the data showed.

Large conglomerates accounted for 78 percent of the local currency direct investment.

The authorities should closely monitor whether the growing direct investments into overseas local currencies are related to wealth flight," said an official close to Rep. Takamura.

A tax official in Okaiken said direct investments into local currencies cannot always be seen as related to wealth flight, but is a way for evading Okaiken's taxation. The authorities will further strengthen oversight of overseas capital flows.

Earlier this month, a parliamentary report found that Sanese have sent more than 5 billion Sent overseas, including to Bergenstein's local currency market, in the last five years.

A lawmaker who requested the ISM for such data called on regulatory authorities to step up efforts in keeping closer tabs on the movement of funds based in tax havens, since they may be involved in possible tax dodging.

The money was mostly wired to three tax havens: Bergenstein, the San Jose Islands and Nuevo Principio, the report said.

The amount of money transferred to tax havens has been on the rise, more than doubling to 1.37 billion Sent as of end-2012 from 556 million Sent in 2009.

The Government has stepped up to crack down on tax evasion, but it has reminded Bergenstein that it is their fiduciary responsibility.

Use italics for roleplay?

Also, how can a central taxing board regulate separate taxes in separate states?

ok, and it is responsible for major tax avoidance and evasion issues not tax laws.

Wut?

You know that those two are subject to tax laws... Hence tax avoidance and tax evasion.

This is part of a tax law (Canada):

"According to Section 238 of the Income Tax Act, if an annual tax return is not completed and filed, then an individual is guilty of a summary offense and can face a fine between $1,000 and $25,000. A judge may also sentence the offender to up to twelve months of incarceration."

of corse
I mean making tax laws

They still have to be contacted...

Derp.

Nice Article Carl.

Derp.

Thanks

Wow Canada, that's a $censored$ law.

Wut?

We have to do two bloody tax reports Carl. Stupid federalism.

Well, all I can recommend is to milk more money out of your income through investments

I have a headache...

Okaiken back in the USNW, promises reforms

Okaiken is back in the USNW after a month and a half hiatus, stating that stability in the regions are important to the growth of the nation and the East Althenian Region. Talks are underway in several nations within the organization to begin the process of mutual growth for the countries.

'Countries we have focused on include Oxacmela, Folland, Kuyrut and Asmiriva', said Foreign Minister Ryushi Murokawa. 'These were the nations that Okaiken needed to fix after several years of negotiations.'

Folland's relations with Okaiken deeply deteriorated a few months ago after the shutdown of ferrous production to international companies. Prices of Tech products rose 43% on that quarter, and major technological companies in Okaiken suffered severe losses.

Asmiriva, on the other hand, will be an important trade partner for the nation, since it is one of the hubs for oil production and also one of the nations served by the Trans-Althenian Pipeline System.

Bergenstein Issues

OKASHI - Bergenstein travellers who were travelling to Okaiken were denied to enter the country even with approved visas, sources tell the Nikkan Shinbun yesterday.

According to one of the sources, The Okaiken Ministry of Foreign Affairs would not accept some Bergenstein state-issued passports, specifically passports from the Traditionalist States such as Coutony and Meinsberg. Another source said that the Ministry is also declining some Passports issued by the Central Government, citing that they work for the government and hence, were declined to enter the country.

Today, Okaiken began to seize assets owned by Bergenstein Companies, including 4 Commercial Aircraft bound for Bergenstein via Abbasid.

This comes a day after Okaiken issued an arrest warrant for the capture of several key Traditionalists in Bergenstein's Civil War, which violated the Okaiken Penal Code for inciting violence during the ceasefire, which was in duration of the Toyoshi Summit.

Can I say thank you for the interest

Folland's relations with Okaiken deeply deteriorated a few months ago after the shutdown of ferrous production to international companies. Prices of Tech products rose 43% on that quarter, and major technological companies in Okaiken suffered severe losses.

Teehee, mah bad.

Though that's not the case anymore, Folland's just making bank off the export of these resources.

Yeah, I think it is time to start better trade. I mean you could have just posted a tariff instead of closing the entire thing