経済｜味の素、150億円の申告漏れ指摘 / Economy | Ajinomoto points out a 15 billion yen tax underreporting.

Summary

The major food company Ajinomoto has been pointed out by the Tokyo Regional Taxation Bureau for failing to report income from its Thai subsidiary, leading to an indication of an undeclared amount of 15 billion yen.

This issue spans three years up to the fiscal year ending in March 2024 and is subject to tax haven countermeasures. As a result, the additional corporate tax owed has reached approximately 1.3 billion yen, which includes underreporting penalties. Ajinomoto is required to comply with tax regulations and carry out the appropriate procedures.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, did you see the news about Ajinomoto being pointed out for a 15 billion yen tax declaration error? What’s that about?
Log: Yeah, I saw that. It means Ajinomoto didn’t properly report the income of its Thai subsidiary. As a result, they’re going to face additional tax charges.
Chako: Wow, that’s such a huge amount?
Log: Yeah, it’s 15 billion yen. Plus, the additional tax is about 1.3 billion yen.
Navi: The anti-tax haven measures are being applied to prevent tax avoidance through foreign corporations. This requires proper tax payments to be made.
Chako: It sounds like not paying your taxes properly can lead to serious trouble!

Admin’s Note

The recent reporting oversight by Ajinomoto has reminded us of the importance of companies conducting their tax affairs appropriately. In particular, the application of measures against tax havens highlights the need for companies to consider the risks involved when expanding internationally. As Chako mentioned, taxes are an unavoidable and crucial aspect of business management. Moving forward, companies will be expected to conduct their tax affairs with transparency.