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September 16, 2016 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TbOGkOfzIPQ/apple-japan-unit-ordered-to-pay-118m-tax-for-underreporting-income
Apple Japan Unit Ordered To Pay $118M Tax For Underreporting Income
Apple's unit in Japan was ordered to pay 12 billion yen, or $118 million tax by local authorities after they determined it had underreported income. Apple has since reportedly paid the sum. From a Reuters report: The Tokyo Regional Taxation Bureau determined that the unit, which sends part of its profits earned from fees paid by Japan subscribers to another Apple unit in Ireland to pay for software licensing, had not been paying a withholding tax on those earnings in Japan, according to broadcaster NHK. Apple and other multinational companies have come under much tax scrutiny from governments around the world. The European Union has ordered Apple to pay Ireland 13 billion euros ($14.6 billion) in back taxes after ruling it had received illegal state aid. Apple and Dublin plan to appeal the ruling, arguing the tax treatment was in line with EU law.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TbOGkOfzIPQ/apple-japan-unit-ordered-to-pay-118m-tax-for-underreporting-income
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