SECTION 988
Section 988 concerns capital losses and gains on an investment held in a foreign currency in a financial transaction. According to this section, foreign currency transaction gains are considered as ordinary income regardless if it was earned by an individual or a company. A transaction under Section 988 is associated with the IRS Section 988 that was applied to the succeeding tax years following December 31, 1986.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
