In Brief: Japanese Employees Face Tax Penalties

Some 150 current and former employees of Microsoft’s Japanese subsidiary must pay US$27.9 million in back taxes and penalties. Japanese tax authorities said the employees did not properly declare US$65 million in income from stock options in the years leading up to 1998. Although no names were released, Japanese newspapers said that a former president of the subsidiary was among those who were charged with failing to properly report income.

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