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
THAMMER16601d ago

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

Alexander6601d ago

lawl add that to there current losses

Moostache6601d 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....

Schmitty076601d ago

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

THELANDSOFSAND6601d ago (Edited 6601d 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)
120°

Mortal Kombat 9 Is Still NetherRealm's Best Game 13 Years Later

Salman from Tech4Gamers writes "Mortal Kombat 9 revived the series from a low point after bringing it back to 2D combat. It marked a new high-point for the franchise due to its incredible roster, exciting cinematic story mode, and high-octane combat."

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tech4gamers.com
Sonyslave322h ago

I like which ever one, Raiden was speed blasting muthafkers.

monkey6026h ago

I agree. 9 was awesome

Shaolin Monks next please

vTuro245h ago

Shaolin Monks is a forgotten gem. I would love to see a new one, or a remake of the old.

vTuro245h ago

That game was actually goated. It was the first time ever that I actually tried to get good at a fighting game. Unfortunately the online connection was so dogshit it made it hard to enjoy and eventually I gave up. Haven't really played much fighting games since.

90°

World of Warcraft developers form wall-to-wall union at Blizzard Entertainment

The new unit comprises over 500 developers representing the entire World of Warcraft development team.

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gamedeveloper.com
2d ago
XiNatsuDragnel1d 20h ago

Unions in gaming are necessary fr fr

montebristo1d 8h ago

I used to be anti-union, it kills productivity, investment and turns product mediocre. Their games suck anyways though so what was lost? Might as well get their people paid until they are dissolved.

shinoff21831d 8h ago

Unions are necessary regardless of how you feel. You know how fked the working class would be without them. As if we're not already.

montebristo1d 7h ago

No they aren’t, regardless of how you feel. Unions make zero sense for skill based labor. They are for people who press a button every 10 seconds on an assembly line. “working class” is a made up term. I don’t care about corporations or developers, I just want good games lol. Killing your incentives to appease the lowest common denominator doesn’t lead to great games imo

montebristo1d 1h ago (Edited 1d 1h ago )

I wasn’t trying to be offensive if I came off that way. The Union is an old mentality and I can see their usefulness but also the danger. We’re in the age of AI and robots and skill based labor. Unions can be dangerous these days. You could replace your entire workforce in one move. Checkmate. Look to the kiosk replacing workers in the 20 dollar minimum wage era.

Well run businesses don’t need unions. If you need a Union that business won’t survive anyway. Unless it’s propped up by the government with corporate welfare (which is the real issue). If you’re not going to spend some on your workers (Amazon, Google) then your welfare is cut off. No tax breaks. All you put together don’t match their wealth and resources, the union is a traditional memory at this point and counterproductive with this new enemy we face. They need a flying elbow from the top ropes. And by “working class is a made up term” I just mean we’re not a class system and even CEO Bobby Kotick puts in a days work lol. Or did.. It’s just a vague term that doesn’t mean anything no offense lol. People say “middle class” but that can change quick right? Up or down. That’s not a “class system”.

60°

Playback: Outland

Taking a trip back to Housemarque's forgotten platformer.

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thesixthaxis.com