Understanding Tax Implications of Horse Racing Winnings: Is It Temporary Income or Miscellaneous Income? Future Insights and Interpretations
Posted inJapanese Laws

Understanding Tax Implications of Horse Racing Winnings: Is It Temporary Income or Miscellaneous Income? Future Insights and Interpretations

Question from a reader:
Regarding horse racing payouts, is it classified as temporary income or miscellaneous income? The National Tax Agency’s announcement states that it is “judged comprehensively,” so does that mean it won’t be clear until a court ruling is made?

Background on Horse Racing Payouts and Tax Treatment

Horse racing is one of the most popular forms of gambling in

Risks of Gambling During Personal Bankruptcy and How to Mitigate Them: A Comprehensive Guide
Posted inJapanese Laws

Risks of Gambling During Personal Bankruptcy and How to Mitigate Them: A Comprehensive Guide

Question from a reader:
If I gamble while in bankruptcy, how might it be discovered? For example, if I withdraw 20,000 yen from the bank and use it all for gambling, would the trustee suspect the reason for the withdrawal and ask for a receipt, leading to the gambling being discovered as unaccounted funds? If I have 50,000 yen in cash

Impact of Online Gambling Scandals on Professional Athletes and Their Careers
Posted inJapan Celebrity Gossip

Impact of Online Gambling Scandals on Professional Athletes and Their Careers

Reader’s Question:
I heard that a professional baseball player was sent for prosecution due to gambling at an online casino. After seeing this news, I am unsure how to feel about it. I worry about the impact of their actions and how it may affect their future careers. What do you all think about this matter?

Thoughts on the Gambling

Yoshimoto Comedian Prosecution: Understanding the Impact of Online Casinos and Gambling Risks
Posted inJapan Celebrity Gossip

Yoshimoto Comedian Prosecution: Understanding the Impact of Online Casinos and Gambling Risks

Question from a reader:
I saw the news about a Yoshimoto comedian being sent for prosecution. At first, I didn’t really understand much about online casinos and thought it wasn’t a big deal. However, when I heard about the amount being in the tens of millions of yen, I realized this was quite serious. What do you all think about this

The Risks of Success: Why High-Profile Individuals Like Takahira Kuruma Turn to Gambling
Posted inJapan Celebrity Gossip

The Risks of Success: Why High-Profile Individuals Like Takahira Kuruma Turn to Gambling

Question from a reader:
Recently, I’ve heard that Takahira Kuruma from Reiwa Roman is facing issues with online casinos. Why do successful individuals, like Nakai-san, sometimes engage in risky behaviors? Can’t they foresee the potential loss of their status or being judged harshly by society? Is it that when they become too successful and money flows in, they lose sight of

How to Overcome Debt and Find New Opportunities While in Prison: A Guide for Those Facing Financial Challenges
Posted inJapan Celebrity Gossip

How to Overcome Debt and Find New Opportunities While in Prison: A Guide for Those Facing Financial Challenges

Question from a reader:
My name is Mizuhara Ippei, and I am currently 40 years old with a confirmed five-year prison sentence. I have a debt of 2.8 billion yen, and I wonder if there is any way I can pay it off while I am still alive. If you have any advice, please let me know.

Considering the Reality of