Leading steel producer, "Kobe Steel" Kobe is 15, the Osaka Regional Taxation Bureau received a tax audit, said the undeclared announced that 90 million of the 1.6 billion yen in five-year period ending March 31, 2010 was. \ 10 million of which approximately 900 million were deemed malicious hidden income. Correction due to the disposal of additional tax, but would otherwise be over $ 500 million, a mere 60 million yen plus tax, including approximately 100 million were offset by heavy losses. Pointed out that tax in accordance with progress nearby.
According to Kobe Steel, plant and equipment for export over the manufacture of multi-year cost to complete, according to the rules on tax, accounting and sales per year pro rata to each during manufacturing. Is expected to cost in the middle, I had to change the way of pro rata revenue was unchanged.
IRS In contrast, by not changing the way of pro rata revenue, said revenue suppressed artificially low. It was determined that about 800 million yen in income concealed difference.
Also, points were recorded on the foreign subsidiaries and the remainder should be included in the original profit of 100 million yen at the Shinko bureau is "hidden profits in overseas subsidiaries," as targeting the addition of heavy taxes.
In addition, over the yen 90 million 100 million cost of responding to industrial machinery, there is a claim after the delivery, such as appropriation stage has not been resolved, there were \ 180 million to about 7 mistakes accounting minor was the subject of any undeclared.
Shinko is "just a mistake on the tax treatment, there was no intention to hide income. The bureau, there were differences of opinion, to point out was to follow," has been commented.
July 16, 2011 SankeiNewspaper
According to Kobe Steel, plant and equipment for export over the manufacture of multi-year cost to complete, according to the rules on tax, accounting and sales per year pro rata to each during manufacturing. Is expected to cost in the middle, I had to change the way of pro rata revenue was unchanged.
IRS In contrast, by not changing the way of pro rata revenue, said revenue suppressed artificially low. It was determined that about 800 million yen in income concealed difference.
Also, points were recorded on the foreign subsidiaries and the remainder should be included in the original profit of 100 million yen at the Shinko bureau is "hidden profits in overseas subsidiaries," as targeting the addition of heavy taxes.
In addition, over the yen 90 million 100 million cost of responding to industrial machinery, there is a claim after the delivery, such as appropriation stage has not been resolved, there were \ 180 million to about 7 mistakes accounting minor was the subject of any undeclared.
Shinko is "just a mistake on the tax treatment, there was no intention to hide income. The bureau, there were differences of opinion, to point out was to follow," has been commented.
July 16, 2011 SankeiNewspaper