Connect with us

Phone News

Apple asked to pay 12 billion yen Tax in Japan after underreporting Income



Recently, Apple was in the news, as it was slapped a €13 billion bill by EU. It was reported that Apple’s illegal deals with the Irish government allowed the technology giant to pay virtually nothing on its European business in some years. And apparently, the company made some profit out of it and ended up paying only about 50 euros in taxes for every million euros. And now yet again one of the Apple’s units in Japan is ordered to pay $118 million, which is again not a small amount at all.

According to the reports, an Apple Inc iTunes unit in Japan was ordered to pay a total of 12 billion yen which is roughly about $118 million in tax. This total sum has been ordered by some local authorities after underreporting income. The Tokyo Regional Taxation Bureau determined that the unit this iTunes unit sends a part of its profit to another Apple unit in Ireland. This money which is paid by Japan subscribers is paid to another unit in Ireland as fees for software licensing.

But it is reported that this iTunes unit had not been paying a withholding tax on those earnings in Japan. According to the source, Apple could not be reached immediately for a comment, and the tax bureau declined to comment. However, it is not being reported that the unit has paid the amount to the Ireland Unit, soon after the issue was raised. So if you want to know more on this, then you might have to wait for some time until we hear something from the company.

As mentioned earlier, this is not the first time that Apple is facing the tax scrutiny from Government around the world. Earlier, it was the European Union and now, this time, it is the local authorities in Japan. Well, we just hope Apple manages to do something about this whole issues that are rising one after the other. Stay tuned for more detailed info on this soon.


Copyright © 2022 PHONERADAR. Part of Digital World Solutions.