Apple
ordered to pay
8 million in
back taxes in Japan
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Apple
has been slapped with yet a**ther tax bill, this time for
8 million in Japan.*
The company was
ordered to pay 12 billion yen, or about
8 million, in
back taxes to the Japanese government,
according to the Financial Times, 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 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...
More about
Business,
European Union,
Ireland,
Iphone 7, and
Japan