Law enacted to monitor asset shielding by religious corporations
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Japan’s parliament enacted a law on Wednesday to strengthen monitoring of movements of religious corporation assets possibly subject to legal claims, as the nation moves to protect people caught up in exploitative donation solicitation practices like those employed by the Unification Church.
The legislation was crafted amid concerns that the Unification Church, which may lose religious corporation status and related tax benefits through ongoing government legal action, may attempt to transfer assets subject to compensation claims in Japan into other jurisdictions.
Content retrieved from: https://english.kyodonews.net/news/2023/12/d5e937419fc3-law-enacted-to-monitor-asset-shielding-by-religious-corporations.html.
