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Tuesday, August 10, 2010

Hewlett-Packard Japan was asked to pay up 270 million U.S. dollars of tax

August 11, according to foreign media reports, Japan's "Asahi Shimbun" reported local time Wednesday, was found in the reporting of taxable income, the HP laptop batteries Japan, Division be asked to pay up about 230 billion yen (270 million U.S. dollars) tax.

"Asahi Shimbun" reported that the local tax bureau, Tokyo, in October 2006 for 2 years before, the Hewlett-Packard Japan's underreported segment of about 47 billion yen (about 550 million U.S. dollars) income.

Hewlett-Packard Japan, Tokyo branch, and local tax were not available for comment.

"Asahi Shimbun," said HP laptop batteries's Japanese unit to pay annually to the U.S. headquarters of over 200 billion yen (240 million U.S. dollars) in administrative costs, the Tokyo Tax Bureau that the money does not belong to operating costs. Hewlett-Packard Japan, the tax division has been owed in arrears, but decided to appeal.

As of last October in the previous fiscal year, Hewlett-Packard Japan segment revenue of about 363 billion yen (about 4.26 billion U.S. dollars), representing all HP laptop batteries revenue of about 3.5%.

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