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My Number law revised, IDs to be linked to bank accounts from 2018
The Diet passed a bill Thursday to expand the use of a personal identification number to improve tax collection, despite ongoing concerns over the potential leak of private information and identity theft.
Under changes to the so-called My Number system, personal ID numbers can be linked to people’s bank account numbers from 2018. Although such links will be made initially on a voluntary basis, the government is considering making it mandatory from 2021.
The amendment will make it easier for the government to discover tax evasion or welfare benefits fraud by having better access to information on people’s assets.
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