Japanese tax authorities: Softbank Corp. Group's undeclared income of 37 billion yen
CTOnews.com, January 24, according to Nikkei Asia, according to the results of a survey conducted by the Tokyo Local Taxation Bureau, Softbank Corp. Group did not declare corporate income of about 37 billion yen (currently about 1.924 billion yuan) in the two years to March 31, 2021.
Softbank Corp. Group exaggerated the transaction costs of merging its US communications company Sprint with another US company, according to people familiar with the matter.
Softbank Corp. Group said it had submitted revised tax returns to Japanese authorities related to understated corporate income by 37 billion yen.
