The “10/2 Johnny’s Reunion Conference” will be held to discuss “taxes”… The tax authorities are sniffing around and former President Julie is “on the verge of losing her mind”.
Will she be hanged again?
Johnny’s will hold a press conference on October 2 to announce details of its response to the sexual assault scandal involving the company’s founder, Janie Kitagawa.
Before the first press conference on September 7, we had assumed that the announcement would be made in writing, but the sexual assault issue shows no sign of abating and is flaring up even more fiercely. We have been forced to change the signage of the Johnny’s’s office.
In announcing the new organization, including the company name, a single piece of paper was not good enough. The new president, Noriyuki Higashiyama, and others are making final adjustments in the direction of making another “appearance” on the board.
Johnny’s is going to hold a “fresh start” press conference, but on the day of the press conference, there is likely to be a harsh look at the governance of the company.
At the press conference on August 7, Keiko Fujishima handed over the presidency of Johnny’s to Noriyuki Higashiyama. However, when she opened the door, she still held 100% of the company’s shares and remained the representative director.
The reason for this was to “smooth out the compensation issue.
However, the “Shukan Bunshun” (weekly magazine) published on January 21 reported that it was also meant as a “tax-saving measure.
According to the magazine, since the death of his mother, Mary Kitagawa, in 2009, Mr. Julie has held all of Mr. Janney’s shares, which had been split 50-50 with Mr. Merry. At that time, Mr. Julie did not pay the estimated 86 billion yen in inheritance taxes calculated by Bunshun.
In that case, he took advantage of the “business succession taxation system” introduced in ’19 to encourage business succession, as there is no end to the number of small and medium-sized enterprises going out of business in the black. In order to take advantage of this special measure, under which inheritance and gift taxes are postponed and virtually eliminated, the representative director must serve as a representative director for five years from the day after the filing deadline.
In Julie’s case, the condition is satisfied by staying on as representative director until May ’25, so she is using “victim compensation” as a cover. The accountant adds.
Don’t get me wrong, there is nothing illegal about the business succession tax system. The fact that Mr. Julie was able to take advantage of this system means that it was “approved.
Some people on the Internet are calling it “tax evasion” or “failure to file a tax return,” but they are wrong. It is also true that many companies have been saved by this system.
However, the original purpose of this system is to help small and medium-sized enterprises that are not strong enough to survive. However, the original purpose of the system was to help small and medium-sized enterprises that are not strong enough to survive, and the application of the system to giant companies with annual sales of more than 100 billion yen is not right.
There are also reports that the company will announce the name change as well as the launch of a new company to manage talent at the press conference on February 2. At the press conference on the same day, I expect questions will be raised about whether it is strange for a company that has the “strength” to launch a new company to apply for the business succession taxation system.
There are many details to be checked, such as whether there is a capital relationship between the new company and the current Johnny’s office, and where the music copyrights and fan club revenues will go. The amount of taxes to be collected will depend on these factors.
The Johnny’s office would like to devote more time to explaining the relief plan for the victims, but the “tax talk” that has been popping up at a time when people’s lives are under pressure is expected to change the point of the question-and-answer session.
The public is very sensitive about taxes, and I honestly feel that the flawed business succession system is more problematic than Johnny’s. I overheard something about it, and I thought it would be a good time to ask about it. I have overheard that the national tax authorities are breathing down the public’s noses.
Their job is to collect more taxes from large corporations. The “weakened” Johnny’s is likely to be a prime target.
The speakers on the day of the event are not yet known. One theory is that Mr. Julie, who was hung up on at the press conference on August 7, is “on the verge of a breakdown” (a TV insider).
“He is on the verge of losing his mind,” a well-informed source said.
The Johnny’s office is going to have to make a stand again.
Will the Johnny’s office be able to come up with a “full answer” that will satisfy the public this time?
PHOTO: Kazuhiko Nakamura