Kyodo via Japan Today: McDonald's Japan founder Fujita left 49 bil. yen of inheritance
In a genius bit of planning, Den Fujita managed to die when his McDonald's Japan shares had just been converted to cash. The inheritance tax bill will be large but his family will have no need for any messy asset sales. They can just pop over to an ATM and furikomi the required amount. Maybe the Tax Office would like fries with it.The late Den Fujita, founder and former President of McDonald's Co. (Japan), left his relatives a total of 49.1 billion yen in inheritance subject to taxation, the tax office in Tokyo's Setagaya Ward said Friday. The inheritance, which is the sixth highest amount on record in Japan, was received by Fujita's wife, 75, and his son, 52.
