A $3 Billion Hedge Fund Praises Japan's 'Phenomenal' Spinoff Plan
- Trade ministry made corporate spinoffs tax-free from April 1
- Move comes after removing taxes on stock-based compensation
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Hedge fund manager Jamie Rosenwald is excited about tax reforms, but it has nothing to do with Trump trades.
While U.S. politicians grapple with partisan rancor, Japanese bureaucrats at a ministry once renowned for overseeing the nation’s industrial policy have been rolling out tax changes that might have gone under the radar of global investors.