@ The second stage of my life
gExcellent tax reported corporationh
The record of four terms,
20-year free from tax check
One other thing for the top management not in favor of is revenue check by the tax office. Japanese way of revenue check is that once in a few years or so, a tax office man visits the corporation for checking the revenues. I used to put myself in the presence of the checking to be ready to answer any questions. My policy was what is wrong is wrong, should be corrected if wrong. Such honest attitude of mine soon made the tax collectorfs recommendation for me to become a committee chairman of the organization for corporate taxpayersf organization, and later years, became its vice president.
In 1971, our company was awarded as gexcellent tax filer companyh. This is a unique system of the Japanese corporate taxation system that promotes the good behavior of corporate taxpaying attitude. After some sort of examination on the side of the tax office, the head of the tax office visits the company with a certificate of its affirmation.
When the company is certified with the award, tax check would be exempted for five years, and with check in five years, if nothing wrong is notified, another five years to go and the same in each period.
The corporations which are notified as this special award is very rare in the number, some below zero point par cent. It would be better appreciated than the bankfs appreciation. Our company had a privilege of having this honor for four times later years, meaning 20-year of free revenue checking.
There was an episode about the minor checking in five year interval. A tax collector pointed out a fact that one of our middle managementfs travel to Taiwan for sight seeing through the event of Hiroshima Trucking Association. He tried to deny the expenses on ground that the trip was a matter of personal pleasure so that the expenses should not be admitted. With some sort of anger in my heart, I hurled defiance at him saying, gTell me. Do you think the president of this company, me, is doing something mixing company with personal affairs? If you stick to that small matter so much, I will return the award!h
I really think that the social responsibility for a businessperson is how to use the real profit. It should be spent in investing and for creation of employment and taxation. My record of keeping the gexcellent tax reported corporationh for twenty years is a great thing I could take pride in my heart even at this stage of life.