Country: Japan
Asia · 2 posts
The 90% Tax: Japan's One-Time Capital Levy of 1946
In November 1946 Japan taxed private wealth once, at rates up to 90%. How the levy worked, what the zaibatsu families lost, and how it compares with today's 1–5% proposals.
Iba Teigo: The Hired Manager Who Saved Sumitomo, Then Left on Time
A century after his death, the salaried manager who moved Sumitomo's smelter to an island, replanted its mountains, helped found its bank and retired at 58.