TOKYO -- Japanese authorities have ordered Mizuho Bank to pay taxes on 8.4 billion yen ($77.2 million) in profit that it allegedly failed to report from a subsidiary based in the Cayman Islands.
Finance
Mizuho faces tax bill for not reporting $77m in Caymans profits
Japanese megabank says it didn't skirt taxes in 2008 effort to raise capital
Mizuho Bank and its parent, Mizuho Financial Group, used subsidiaries in the Cayman Islands to raise capital after the 2008 financial crisis. © Reuters
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