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© KYODOSoftBank fails to report Y93.9 bil income from tax haven units
TOKYO©2024 GPlusMedia Inc.
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© KYODO
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mmwkdw
That's a new one. Elsewhere you'd get retrospectively taxed to hell and back again.
JeffLee
If you have to declare income from your subsidiaries based in a tax haven, then it's not much of a "tax haven." LOL.
Individuals in Japan must report all global income, regardless of location or asset type, so it seems fair that corporations must too.
Netgrump
Nothing new as Western and other Asian tech companies handle most of their money offshore in order to pay less tax. Every year they meet in Switzerland exchanging the last in and outs for the fire :)