Nitro
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Total Posts
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11960
- Joined: Dec 30, 2005
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Sony is in trouble with the tax man!
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Jul 03, 2006 08:04
The hilarity never ends...
Ouch! The Associated Press is reporting that Japanese tax authorities have ordered Sony to pay an estimated 27.9 billion yen ($243 million) in additional taxes.
According to a statement issued by Sony, Japanese tax authorities found fault with tax payments related to profits from PlayStation console sales and profits from transactions relating to CD and DVD business operations between Sony and a number of overseas subsidiaries from 1999 to 2004.
The taxation bureau calculated Sony' s income in Japan to be 74.4 billion yen ($647 million) more than the amount it originally reported.
Sony planned on filing a protest with tax authorities, contending that " additional taxes would constitute double taxation under the terms of the US-Japan bilateral tax treaties."
Ofcourse they' ll file a protest, it' ll stop them from having to pay it right now. Tax-dodging b*stards!
< Message edited by Majikdra6on -- 3 Jul 06 1:06:55 >
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