Sony Ordered to Pay Extra $243M in Taxes

Sony Corp. said Friday that Japanese tax authorities have ordered it to pay an estimated 27.9 billion yen ($243 million) in additional taxes. The Tokyo Regional Taxation Bureau ordered the company to pay the additional taxes related to its game console and other operations in the United States, Sony said in a statement.

Sony planned to file a protest with the tax authorities promptly, arguing that the additional taxes would constitute double taxation under the terms of U.S.-Japan bilateral tax treaties, the statement said.

The company also plans to request bilateral consultations on the matter.

The tax authorities notified Sony and Sony Computer Entertainment Inc. that it had found fault with tax payments related to profits from the game console operations of SCEI's U.S. subsidiary from 1999 to 2004, the statement said.

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biz.yahoo.com
THAMMER16566d ago

Bring on the $100.00 games???? :^(

Alexander6566d ago

lawl add that to there current losses

Moostache6566d ago

If that holds up, Sony will have lost almost $850 Million dollars this year and it is only July!!! ($587 Million in first quarter losses + this $243 Million tax bill.

OUCH.

And that doesn't even include the losses they are going to take once they start selling PS3's at -$400 a pop...

I don't care how big a Sony fanboy you are, that is bad news period. It is also bad news to the rest of the gaming community because it would indicate two things - 1) games will be expensive on PS3 and 2) no price drops on the PS3 hardware in the near term....

Schmitty076566d ago

And that would suck, because Nintendo doesn't count.

THELANDSOFSAND6566d ago (Edited 6566d ago )

they should make the PS3 $700, the games $90 and then they should take all that money and run, because this is a dying company!
lol

but seriously, this is just pathetic...
$850 million in losses?!

i won't miss sony- nintendo and MS can do my gaming, and they won't rip me off for it

Show all comments (9)
60°

Driv3r, a Twenty Year Reunion

WTMG's Leo Faria: "Was Driv3r one of the first truly overhyped games in history? One of the first games incessantly covered by press pre-launch, only to end up being the complete opposite of what it promised once it finally arrived onto store shelves? It’s worth discussing. Then again, hindsight is 20-20; it’s easy to laugh at the fact it was once touted to be a GTA killer, but there were just half a dozen GTA clones back then, and we didn’t have YouTube or other reliable video players to properly check how a game played before actually buying it. Maybe Driv3r was a victim of its own hype, a troubled project made by people who didn’t want it to be too similar to Grand Theft Auto itself. But it sucked then, and it still sucks now. Not even the rosiest of nostalgia goggles can save this one."

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waytoomany.games
Nacho_Z9h ago

It's a shame they tried to copy GTA, they were terrible at it. If they'd doubled down on making the driving the star they could still be going now.

140°

Fear Effect coming to PS5, PS4, Switch, and PC in 2025

Limited Run Games, in cooperation with Square Enix, will release action adventure game Fear Effect for PlayStation 5, PlayStation 4, Switch, and PC via Steam in 2025, the company announced.

CrimsonWing6914h ago(Edited 14h ago)

What!? That is freaking great!!!! I really loved this game back in the day and was so pissed the Remake got changed and then eventually canceled. This is such great news that it’s the original. Will definitely get the plat for it.

Mr Pumblechook12h ago

The article mentions:

* PC
* Nintendo Switch
* PlayStation 4
* PlayStation 5

But why isn’t there a mention of the Xbox Series version?

CrimsonWing6911h ago

Yea that’s a Limited Run Games thing like what @Scissorman showed in the article. They’ve tried selling the physical versions of Xsex games, but they just don’t sell. But I’m fairly sure this should be digital for Xbox, if not, then it’s time to drop Xbox and come to greener pastures.

wesnytsfs9h ago

@CrimsonWing69, greener pastures.. Yep moved to mainly PC now myself get all the good games from both companies now if only Nintendo would release games on PC too.

RiseNShine9h ago

so a ps1 game launched in modern platformos, mmmkay. I can play it already in emulators with high res, retroachievements support and more, doesn't make much sense.

140°

AA Games Deserve More Attention Than AAA Titles

While AAA games make headlines all over the internet, AA games are quietly and profoundly impacting the gaming industry with their creativity.

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gamescordia.com
isarai1d 4h ago

No sh!t, like that's one thing that I will give the modern game industry is the re-uprising of the mid-tier. It's not as big as it was during the PS2 like Golden era of the mid-tier, but it's pretty damn good at the moment.

Inverno1d ago

Can we even call half of these games mid-tier when they're just 10 dollars short of full price? And if we're talking about indies that charge around 30 bucks, do many of these games honestly deserve the praise when so many chose the E.A. approach? They mention Hellblade 2 in the article, how can a game that took 5 years to make be considered "mid-tier"? Who knows what that budget was with how much work went into the visuals and sound design and mo-cap.

Michiel198923h ago

what's wrong with the early access approach? Supergiant games got so much help from the community and took the feedback to heart and created one of the best roguelikes. The early access that you pay 40 bucks to play the game earlier is awful, but this is actually super beneficial for the devs and also the gamers. Same with DoS2 and Baldur's gate 3.

Inverno23h ago

@Michiel
There are few exceptions in E.A. but let's look at The Rogue Prince of Persian. Why in the factual is an Ubi funded game in E.A.? There are games that are in early access for years, I'm talking 7-8 years. Look at 7 Days to Die, apparently it's coming out of E.A. and they're charging 54 bucks for the 1.0 version on consoles. Crowd funding also brought in a lot of problems, with many games funded turning out crap or then later signing a deal with a publisher regardless. The "mid-tier" market has a lot of shady business practices.

isarai18h ago

Well im not talking these games but the mid-tier in general, games like the sniper elite series, RoboCop, Alan Wake 2, Lies of P, Stellar Blade, Alone in the Dark, etc it's far better than it was a gew years ago where everything was either a huge AAA game or a simple lo-fi indie game, and there was very little in between.

StormSnooper1d 3h ago

I have enjoyed some amazing AA gaming this gen, and the Portal has been a surprising catylist for me getting into these.

jznrpg1d ago

I give good games attention. AA or AAA doesn’t matter to me.

Eonjay1d ago

This. Why does everything have to be this vs that? Good game is good and deserves attention.

Abnor_Mal23h ago

War, war never ends.

War! Huh yea good gosh y’all,
what is it good for?
Absolutely nothing!

LucasRuinedChildhood22h ago(Edited 22h ago)

I suppose the general point is that *overall* AA games deserve more attention right now because of how much good stuff they're putting out. Doesn't mean that you shouldn't give good AAA games attention. The point about attention stands even if you remove the whole AAA vs AA angle.

Indie and AA games just don't count for a huge swathe of the audience. They ignore them or the lack of marketing never drags them in. And many who praise the PS1 and PS2 for smaller, original games and proclaim games to be bad now also don't play these games. The hypocrisy of that is starting to really irritate me, tbh, especially as quality 3D indie games have become common.

Supporting AA games can also slowly give those studios a higher budget to work with while still being creative, and you eventually end up with things like Larian becoming AAA.