The Archive · 1939

Income Up Despite Costly China War

Enormous Tax Payments Revealed by Revenue Office Returns; Baron Takakimi Mitsui Heads Tokyo List

Tokyo, July 5.

The Sino-Japanese war, which has cost the lives of thousands of Japanese men, has noti deprived the Mitsui and Iwasaki families, the "Rockefellers of Japan," of their huge annual incomes; income tax figures released hers today by the Tokyo Revenue Office disclosed.

The two multi-millionaire families monopolized the income divisions and will pay almost 25 per cent. of all come taxes to be collected in the sd Ca. ranked third with a payment of Six other members of the two famous families, Baron Kyuyu Iwasaki, Baron Takateru Mitsui, Baron Takakiyo Mitsui, Mr. Takahisa Mitsui, Mr. Takanaru Mitsui and Mr. Takanaga Mitsui are all paying almost 'Y.1,800,000 for a total of approximately Y.11,000,000.

Other members of the Mitsui and Mitsubishi families who will pay prosperity income taxes while the average Japanese suffers from increased living costs resulting from the Sino-Japanese war include: Baron Kishichiro Okura, Y.1173442: Mr. Toranosuke Furukawa, ¥.1,164,229 and Mr. Genzo Hatton, Y.1,090,960.

The list disclosed that. Premier Hiranuma's income tax payment declind this year to only Y.489. He paid Y.517 last year. Not all politicians were in the lower income group, however, Mr. Fusanosuke Kuhara, president of the Seiyukai Party, will Pay ¥.117,411.

"While motion picture and stage actors and actresses in the United States and England usually are in the Upp2r income tax groups, comparatively few Japanese entertainers face heavy income tax payments. The Beh 14909, will be paid by Referring to the close relations between the -British and French armies, Mr. Here-Belisha said: "There is no military secret that we keep -from each other. There is complete interchange of information, knowledge and experience, We live as comrades, as, if need be, we shall die, There is also the closest liaison between Government departments in London and Paris, and we are evolve ing in peace, with ever-growing ease and es a matter of habit, a system of collaboration we have tried repeatedly to improvise in time of war."

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