TOKYO -- SoftBank Group failed to declare about 37 billion yen ($285 million) in corporate income for the two years through the year ended March 31, 2021, according to a finding by the Tokyo Regional Taxation Bureau, Nikkei has learned.
SoftBank
SoftBank Group failed to report $285m in income to tax bureau
Case highlights differing opinions over tax treatment of M&A expenses
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As mergers and acquisitions become more common globally, companies and tax authorities are tussling over how to treat related expenses.
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