The Japanese authorities are currently investigating allegations that 74 companies have concealed their income. There are strong suspicions that these companies may have been guided by Chinese methods to conduct this financial evasiveness. The investigation is ongoing, and the repercussions for the accused companies, if they are proven guilty, could be severe.
In Japan, this issue is treated with significant gravity. The Japanese people and government value honesty and transparency in business practices. Therefore, this alleged tax evasion has caused outrage and demands for stricter regulations. Tax evasion has both a negative impact on national finances and a break of trust with the general public.
In the US or EU, tax evasion is also taken extremely seriously. There are strong regulations in place to detect and prevent such practices. When offenders are discovered, they often face hefty fines and imprisonment. Public sentiment towards tax evasion is harsh, similarly to Japan, as it is viewed as a financial crime that harms everyone.