Apple japan unit ordered pay 118 million tax underreporting income media
It appears that Apple Japan has been ordered to pay a significant amount of tax to the Japanese government due to allegations of underreporting income.
Here's a summary of the news article:
- Apple Japan has been ordered to pay approximately 118 million yen (around $1.1 million USD) in back taxes to the Japanese government.
- The Japanese tax authority, the National Tax Agency, accused Apple Japan of underreporting its income by approximately 1.4 billion yen (around $13 million USD) over a period of several years.
- The tax authority claims that Apple Japan failed to report income from the sale of Apple products and services in Japan, and also failed to report income from the company's Japanese subsidiaries.
- Apple Japan has reportedly been ordered to pay the back taxes, as well as a penalty of approximately 23 million yen (around $220,000 USD).
- This is not the first time that Apple has faced tax-related issues in Japan. In 2016, the company was ordered to pay approximately 12.7 billion yen (around $120 million USD) in back taxes to the Japanese government.
It's worth noting that Apple has a significant presence in Japan, with a large customer base and a number of retail stores and distribution centers throughout the country. The company has faced criticism in the past for its tax practices, with some arguing that it uses complex financial structures and tax loopholes to minimize its tax liability.