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Apple Japan Hit With Back Taxes- Nikkei

Apple Japan Hit With Back Taxes- Nikkei: According to the Nikkei newspaper, Apple Inc.’s (AAPL.O) Japan division is being charged an additional 13 billion yen ($98 million) in taxes for large-scale sales of iPhones and other Apple products to foreign tourists that were inadvertently exempt from the consumption tax.

The Nikkei reported on Tuesday, citing unnamed sources, that bulk sales of iPhones by foreign customers had been found at various Apple outlets, with at least one transaction involving a person purchasing hundreds of phones all at once.

The 10% consumption tax is waived for visitors to Japan who stays for less than six months, but purchases made to resell them are not exempt. According to Nikkei, Apple Japan is said to have submitted an amended tax return.

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The business merely mentioned in an email that tax-exempt sales were not now available at its outlets in response to a Reuters request for comment. The regional taxation office for Tokyo declined to comment.

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Tim Cook, the CEO of the iPhone manufacturer, visited Japan earlier this month and revealed that during the previous five years, the business had invested more than $100 billion in its Japanese supplier network.