Court orders retraction of back taxes on IBM Japan
Saturday, 10 May 2014
TOKYO, May 9 : A Tokyo court ordered authorities Friday to retract back taxes they had imposed on IBM's Japan unit for its alleged failure to declare some $4 billion in income. In 2010, the Tokyo regional tax bureau slapped the back taxes, worth some 120 billion yen ($1.18 billion), on IBM Japan's holding company, IBM AP Holdings. — AFP