Osaka Govt’s Bottom Line Gets Boost - From Undies
Items confiscated from delinquent taxpayers - from brand-name lingerie to a model locomotive - are turning into a gold mine for cash-strapped local governments, who are auctioning them on the Internet.
In fiscal 2007, final auction prices for such items totalled nearly 4.68 billion yen (S$60 million), according to Yahoo Japan, which runs a special auction site for seized items and other government assets, the Asahi Shimbun reported.
That tidy sum is 100 times more than what similar auctions fetched in fiscal year 2004, when Yahoo Japan started the service.
Posted by KokPang |
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