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Kyocera busted for tax evasion

  • The Jiji Press newspaper of Osaka, Japan reported that the Osake Regional Taxation Bureau has found that Kyocera (aka Kyoto Ceramic company) has failed to declare 1.4 billion yen in taxable income
  • Will pay 300 million yen in back taxes
  • Apparently the company attempted to transfer income to Singapore, where it has a facility, which has a lower tax rate
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