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Outstanding Taxes Cost Sony $243 Million
by Rainier on June 30, 2006 @ 10:52 a.m. PDT
Sony Computer Entertainment revealed today it had been ordered to pay an additional 27.9 billion yen ($243 million) in taxes related to transactions between its game unit and a U.S. subsidiary, and overseas transactions in its CD and DVD-making operations. SCEI said it would fight the order, but that either way it would not have a large impact on its group earnings.
Sony Computer Entertainment revealed today it had been ordered to pay an additional 27.9 billion yen ($243 million) in taxes related to transactions between its game unit and a U.S. subsidiary, and overseas transactions in its CD and DVD-making operations. SCEI said it would fight the order, but that either way it would not have a large impact on its group earnings.
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