Wow that is indeed horrible. In Japan anything under 3k USD (30万円）would be discounted instantly and thus not count towards the capital tax. Furthermore there is

Wow that is indeed horrible. In Japan anything under 3k USD (30万円）would be discounted instantly and thus not count towards the capital tax. Furthermore there is a 15K USD （１５０万円）cliff below which no capital is levied but reporting is still required. Reporting down to the pen sounds horrible, and uncompetitive if other counties do not levy the same.