“An Apple Inc. iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday,” Makiko Yamazaki reports for Reuters. “The unit has since paid the amount, the reports said.”
“The Tokyo Regional Taxation Bureau determined that the unit, which sends part of its profits earned from fees paid by Japan subscribers to another Apple unit in Ireland to pay for software licensing, had not been paying a withholding tax on those earnings in Japan, according to broadcaster NHK,” Yamazaki reports.
Yamazaki reports, “Apple and other multinational companies have come under much tax scrutiny from governments around the world.”
Read more in the full article here.
MacDailyNews Take: Apple does not seem to have disputed this finding, so it looks like a mistake was made (easy to do with convoluted tax laws) and is now rectified.