However, many Japanese companies pay US and state income tax,
particularly if they Japanese-only subisidies, like the companies that
make cars for Toyota and Honda in the US pay US and state income
taxes. Japan does not determine who pays taxes in the US.
Actually, it was not the Japanese problems that spread to the US. The
Japanese did not offer many loans to future home owners who could not
pay back the loans. The Japanese did not regulate the market that sold
the mortgages and the securities related to those mortgages.
Unfortunately, the problem was that the US didn't really regulate them
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