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Sony hit for back taxes in Japan

July 2nd, 2006 · No Comments

Sony and others hit for back taxes

The Tokyo Regional Taxation Bureau has ordered Sony, along with a number of other major Japanese Corporations, to pay outstanding back taxes on American earnings, according to a report (click the link above). Sony however is protesting against the request, claiming that the estimated 243 million dollars in taxes it has already been charged with for its US operations qualifies as double taxation under the US-Japan bilateral tax treaties.

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