Sony Corp said yesterday that Japanese tax authorities have ordered it to pay an estimated ¥27.9 billion (US$243 million) in additional taxes.
The Tokyo Regional Taxation Bureau ordered the company to pay the additional taxes related to its game console and other operations in the US after finding fault with previous tax filings, Sony said in a statement.
Sony planned to file a protest with the tax authorities promptly, arguing that the additional taxes would constitute double taxation under the terms of US-Japan bilateral tax treaties, the statement said.
The company also plans to request bilateral consultations on the matter.
The tax authorities notified Sony and Sony Computer Entertainment Inc that it had found fault with tax payments related to profits from the game console operations of SCEI's US subsidiary from 1999 to 2004, the statement said.
The authorities also said Sony should pay additional tax reported profits from transactions relating to CD and DVD disk business operations between Sony and a number of overseas subsidiaries in 2003 to 2004, the statement said.
Based on the taxation bureau's calculations, the two companies had Japanese income of ¥74.4 billion more than the amount that they reported, and this would incur extra taxes of around ¥27.9 billion, it said.
The notification comes only a day after electronics maker Sharp Corp said it will pay ¥300 million in back taxes after Japanese tax authorities accused it of hiding income over three years.
Sharp denied intentionally hiding income and said it would comply with the order to pay the back taxes.
DISCONTENT: The CCP finds positive content about the lives of the Chinese living in Taiwan threatening, as such video could upset people in China, an expert said Chinese spouses of Taiwanese who make videos about their lives in Taiwan have been facing online threats from people in China, a source said yesterday. Some young Chinese spouses of Taiwanese make videos about their lives in Taiwan, often speaking favorably about their living conditions in the nation compared with those in China, the source said. However, the videos have caught the attention of Chinese officials, causing the spouses to come under attack by Beijing’s cyberarmy, they said. “People have been messing with the YouTube channels of these Chinese spouses and have been harassing their family members back in China,”
The Central Weather Administration (CWA) yesterday said there are four weather systems in the western Pacific, with one likely to strengthen into a tropical storm and pose a threat to Taiwan. The nascent tropical storm would be named Usagi and would be the fourth storm in the western Pacific at the moment, along with Typhoon Yinxing and tropical storms Toraji and Manyi, the CWA said. It would be the first time that four tropical cyclones exist simultaneously in November, it added. Records from the meteorology agency showed that three tropical cyclones existed concurrently in January in 1968, 1991 and 1992.
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‘SOMETHING SPECIAL’: Donald Trump vowed to reward his supporters, while President William Lai said he was confident the Taiwan-US partnership would continue Donald Trump was elected the 47th president of the US early yesterday morning, an extraordinary comeback for a former president who was convicted of felony charges and survived two assassination attempts. With a win in Wisconsin, Trump cleared the 270 electoral votes needed to clinch the presidency. As of press time last night, The Associated Press had Trump on 277 electoral college votes to 224 for US Vice President Kamala Harris, the Democratic Party’s nominee, with Alaska, Arizona, Maine, Michigan and Nevada yet to finalize results. He had 71,289,216 votes nationwide, or 51 percent, while Harris had 66,360,324 (47.5 percent). “We’ve been through so
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