FATCA	  Survey	  Results	  for	  the	  American	  Chamber	  of	  Commerce	  in	  Japan	  (ACCJ)	  From	  4/2/2015	  to	  4/15/2015	  	  	  Q1. 1. Are you a U.S. citizen or U.S. permanent resident who lives in Japan?
Responses
Count % Percentage of total respondentsYes82

95.35%

No

44.65%(Did not answer)

00%

Total Responses86	  Q2. 2. Do you have a bank account in Japan?
Responses
Count%

Yes

7890.70%

No22.33%(Did not answer)

66.98%

Total Responses

86

Percentage of total respondents	  Q3. 3. If so, is the purpose of the account? (Check all that apply; if not, skip to the next question)
Responses
Count % Percentage of total respondents
To receive salary5867.44%

To pay living expenses

7587.21%

For investment

910.47%

Prefer not to answer

1

1.16%

Other (Please specify)

1011.63%(Did not answer)

55.81%

Total Responses

158

Multiple answers per participant possible. Percentages added may exceed 100 since a participant may
select more than one answer for this question.	  
Q4. 4. Do you have a securities or brokerage account in Japan?
Responses
Count % Percentage of total respondents
Yes1618.60%

No

65

75.58%(Did not answer)

55.81%

Total Responses

86	  Q5. 5. Is the purpose of the account? (Check all that apply, if not skip to the next question)
Responses
Count % Percentage of total respondents
To receive salary

11.16%

To pay living expenses

11.16%For investment15

17.44%

Prefer not to answer

00%

Other (Please specify)

4

4.65%

(Did not answer)

66

76.74%

Total Responses

87

Multiple answers per participant possible. Percentages added may exceed 100 since a participant may
select more than one answer for this question.	  Q6. 6. Do you have a bank, securities or brokerage account in a country other than the U.S. andJapan?
Responses
Count % Percentage of total respondents
Yes2529.07%No

5766.28%(Did not answer)

4

4.65%

Total Responses86	  Q7. 7. How much income do you receive from bank and securities accounts outside the U.S.?
Responses
Count % Percentage of total respondents<$1004552.33%>$1003136.05%

Prefer not to answer44.65%(Did not answer)

66.98%

Total Responses

86	  Q8. 8. How much time per year do you spend preparing material for your U.S. Federal and Statetax returns, FBAR, FATCA and U.S. Treasury filings? Do not include time spent by yourprofessional tax preparers.
Responses
Count % Percentage of total respondents<10 hours

1618.60%

10 to 40 hours

5058.14%>40 hours

1618.60%(Did not answer)

4

4.65%

Total Responses

86	  Q9. 9. How much do you (or your employer) pay each year for professional fees to prepare yourU.S. Federal and State tax and financial reporting materials?
Responses
Count % Percentage of total respondents<$10002124.42%$1000 to $5000

4046.51%>$50001517.44%

Prefer not to answer

66.98%(Did not answer)

4

4.65%

Total Responses

86	  Q10. 10. How much do you (or your employer) pay each year for professional fees to prepare
your Japanese tax and financial reporting materials?
Responses
Count % Percentage of total respondents<$100033

38.37%$1000 to $5000

3338.37%>$5000910.47%

Prefer not to answer

78.14%(Did not answer)

4

4.65%

Total Responses

86	  Q11. 11. Do you pay the cost of your tax and financial reporting or does your employer pay?
Responses
Count % Percentage of total respondents
I pay4552.33%

My employer pays

27

31.40%

The cost is shared between myemployer and me

89.30%

Prefer not to answer

2

2.33%

(Did not answer)

4

4.65%

Total Responses

86	  Q12. 12. Are you tax equalized or tax protected?
Responses
Count %
Yes

29

33.72%

No4956.98%

Prefer not to answer

33.49%(Did not answer)

55.81%

Total Responses

86

Percentage of total respondents	  Q13. 13. On a net basis, in the aggregate, after credits but before equalization or protection, howmuch Japanese national income tax, Japanese local inhabitants tax and U.S. Federal and State
income tax do you believe you pay?
Responses
Count % Percentage of total respondents
Less than I would pay in the U.S.

1

1.16%

16

18.60%

2326.74%More than the higher of the two38

44.19%

Prefer not to answer

44.65%(Did not answer)

44.65%

Total Responses

86

About the same as I would with thesame income in the U.S.
About the same as a Japanese citizen
with the same income would pay (butmore than I would pay in the U.S. )	  Q14. 14. Has a non-U.S. bank or other financial institution refused to open an account or closed
an account because you are a U.S. citizen? (Whether or not referring to U.S. reporting
requirements as a reason for the refusal)
Responses
Count % Percentage of total respondentsYes

24

27.91%

No57

66.28%

Prefer not to answer

11.16%(Did not answer)

4

4.65%

Total Responses

86	  Q15. 15. Has a U.S. bank refused to open an account, closed an account or required you to use aU.S.address because you are a U.S. citizen living outside the U.S.?
Responses
Count % Percentage of total respondents
A U.S. bank refused to open an account13 15.12%
for that reason
A U.S. bank closed an account for that
4
4.65%
reasonA U.S. bank required me to use a U.S.
31 36.05%
address for that reason
No3439.53%

Prefer not to answer

00%(Did not answer)

44.65%

Total Responses

86	  Q16. 16. Has a U.S. securities firm, mutual fund or retirement plan refused to open an account,closed an account or required you to use a U.S. address because you are a U.S. citizen living
outside the U.S.?
Responses
Count % Percentage of total respondents
A U.S. firm refused to open an account
16 18.60%
for that reason
A U.S. firm closed an account for that
9 10.47%
reasonA U.S. firm required me to use a U.S.
27 31.40%
address for that reason
No2832.56%

Prefer not to answer

22.33%(Did not answer)

44.65%

Total Responses

86	  Q17. U.S. headquarteredResponses

Count%

Positive1

1.16%

Neutral32

37.21%

Negative44

51.16%(Did not answer)

910.47%

Total Responses

86

Percentage of total respondents	  Q18. Japan headquarteredResponses

Count%

Positive1

1.16%

Neutral26

30.23%

Negative49

56.98%(Did not answer)

10

11.63%

Total Responses

86

Percentage of total respondents	  Q19. Third Country headquarteredResponses
Positive

Count
0%
0%

Neutral29

33.72%

Negative43

50.00%(Did not answer)

14

16.28%

Total Responses

86Percentage of total respondents	  Q20. 18. Do you have any other comments on these topics that you would like to include as partof the survey results?
Responses
Count % Percentage of total respondents
No49

56.98%

Yes, I have additional comments

30

34.88%(Did not answer)

7

8.14%

Total Responses

86