Court orders retraction of back taxes on IBM Japan


FE Team | Published: May 10, 2014 00:00:00 | Updated: November 30, 2026 06:01:00



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
 

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