Thereâs a downside for the recipient when the donor gifts an asset instead of leaving it behind in an estate. The basis, or original price of the asset in tax terms, can be substantially different. Borison gave this example: A person bought property years previously for $10,000 that is now worth $100,000.
Western Standard Time, which was used in Taiwan and some parts of Okinawa, was abolished by Ordinance 529 in 1937 and replaced by Central Standard Time in those areas. Territories occupied by Japan during World War II, including Singapore and Malaya, adopted Japan Standard Time for the duration of their occupation, but reverted after Japan's surrender.
Battle of Okinawa. The battle of Okinawa began on April 1, 1945 as the largest amphibious assault in the Pacific Theater during World War II. Okinawa is one of the Ryuku Islands of Japan. The largest, and southernmost, island in the chain, Okinawa became an important asset to the American forces fighting in the Pacific Theater. Okinawa was strategically important to the US military in part because itâs four airfields were needed in order to launch a full-scale air assault on mainland Japan.