NEC deemed to have concealed over 10 bil. yen income
News On Japan via Yomiuri -- Jun 26
Tax authorities have cited NEC Corp. for concealing over 10 billion yen in taxable income over three years through the business year ending in March 2010, it has been learned.
The Tokyo Regional Taxation Bureau has judged that extra compensation NEC paid beyond contracts to two Hong Kong companies constituted social expenses, not business costs. The money was paid to the firms when NEC withdrew from the two companies' overseas cell phone businesses.
NEC has already revised its tax reports. No extra taxes were imposed as the amounts were offset by the company's huge deficits at the past.
Source: Yomiuri
| Jun 19 | Over 1,000 people hospitalized in Japan for heatstroke |
 Almost 1,500 people were transported to hospitals by ambulance due to heatstroke last week, up sharply from 942 in the preceding week, the Fire and Disaster Management Agency said Tuesday. (Japan Times  ) |
| Jun 19 | Mummified remains found in restaurant in Morioka |
 Police said Tuesday that a mummified body was found earlier this month in a storage cabinet in a restaurant in Morioka, Iwate Prefecture. (Japan Today ) |
| Jun 19 | Local govts wary of Mt. Fuji 'traffic jam' |
 Mt. Fuji, the tallest mountain in Japan, will likely see its summer "traffic jam" of climbers worsen this year thanks to its expected addition to the UNESCO World Heritage List. (Yomiuri ) |
| Jun 19 | Traffic lights on the blink / Many too old for use; some even collapse |
 Among about 200,000 traffic signals nationwide, 16 percent are being used beyond the end of the expected lifetime of their electrical systems and some have even toppled over due to age, according to the National Police Agency. (Yomiuri ) |
| Jun 18 | Best biwa selected as gift for Imperial Household |
 A competition has been held near Tokyo to choose the season's best loquats, or biwa fruit, to be presented to the Imperial Household. (NHK ) |
| Jun 18 | 64-year-old woman arrested for stabbing 59-year-old boyfriend |
 Police said Monday they have arrested a 64-year-old woman in connection with the murder of her 59-year-old partner in Seki, Gifu Prefecture. (Japan Today ) |
| Jun 18 | Tokyo cops bust Gotanda massage parlor for prostitution, arrest 7 |
 Tokyo Metropolitan Police on Monday announced the bust of a massage parlor in the Gotanda area of Shinagawa Ward on charges of prostitution. (Tokyo Reporter ) |
| Jun 18 | Ex-Aum death-row inmates to testify in open court |
 Tokyo District Court decided on Monday to open planned examinations of three witnesses who are former senior members of the Aum Shinrikyo doomsday cult and now death-row inmates, during an upcoming trial of another former senior Aum member. (Jiji Press ) |
| Jun 17 | 8 arrested in Tokyo after two groups clash over hate speech against Koreans |
 Police said Monday that eight people were arrested in Tokyo's Okubo district on Sunday after two groups clashed over recent outbursts of anti-Korean hate speech in Tokyo. (Japan Today ) |
| Jun 17 | Saitama cops crack down on non-yakuza gangs for brawl |
 Saitama Prefectural Police on Monday announced the arrest of 31 suspects connected with special criminal groups for violent incidents that took place earlier this year. (Tokyo Reporter ) |