3 ms·
They're also staring down the barrel of last year's taxes, which are due in two weeks. (For filing - they might get an extra month to pay them.) They're almos
by patio11 13y ago
They're also staring down the barrel of last year's taxes, which are due in two weeks. (For filing - they might get an extra month to pay them.) They're almost certainly going to miss that deadline and the National Tax Agency is going to make some guesses as to their situation.
It would not be out of character for the NTA to say "You had $50 million in incoming wires? In the absence of a timely return accompanied by an income statement and balance sheet prepared in accordance with Japanese GAAP, we are forced to impute $50 million in income. Your bill comes to $20 million. Thank you for banking in Tokyo; we do so love not having to call the international desk to do collections."
- deleted 13y ago[deleted]