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09-16-2016, 09:00 PM
Apple ordered to pay $118 million in back taxes in Japan
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Apple has been slapped with (https://www.ft.com/content/3e1a7cd2-7be5-11e6-b837-eb4b4333ee43) yet a**ther tax bill, this time for $118 million in Japan.*
The company was ordered to pay 12 billion yen, or about $118 million, in back taxes to the Japanese government, according to the Financial Times (https://www.ft.com/content/3e1a7cd2-7be5-11e6-b837-eb4b4333ee43), which cited Japanese media reports.*
The ruling holds Apple liable for withholding tax from a local subsidiary in Japan, which it paid to an Irish holding company.*
Apple's most recent high-profile bill (http://mashable.com/2016/08/30/apple-eu-commission-ireland-taxes/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) was for $14.5 billion, or €13 billion, owed to Ireland, as ordered by a European Union commission.
The EU claimed that Apple's tax arrangement with Ireland allowed the company to avoid taxes on its profits. Apple is accused of funneling profits to a special subsidiary in Ireland, which the country supposedly agreed to barely tax. Read more... (http://mashable.com/2016/09/16/apple-taxes-fine-japan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Apple has been slapped with (https://www.ft.com/content/3e1a7cd2-7be5-11e6-b837-eb4b4333ee43) yet a**ther tax bill, this time for $118 million in Japan.*
The company was ordered to pay 12 billion yen, or about $118 million, in back taxes to the Japanese government, according to the Financial Times (https://www.ft.com/content/3e1a7cd2-7be5-11e6-b837-eb4b4333ee43), which cited Japanese media reports.*
The ruling holds Apple liable for withholding tax from a local subsidiary in Japan, which it paid to an Irish holding company.*
Apple's most recent high-profile bill (http://mashable.com/2016/08/30/apple-eu-commission-ireland-taxes/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) was for $14.5 billion, or €13 billion, owed to Ireland, as ordered by a European Union commission.
The EU claimed that Apple's tax arrangement with Ireland allowed the company to avoid taxes on its profits. Apple is accused of funneling profits to a special subsidiary in Ireland, which the country supposedly agreed to barely tax. Read more... (http://mashable.com/2016/09/16/apple-taxes-fine-japan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), European Union (http://mashable.com/category/european-union/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ireland (http://mashable.com/category/ireland/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Iphone 7 (http://mashable.com/category/iphone-7/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Japan (http://mashable.com/category/japan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1474045835 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1474045835)
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