Oops, Another Overseas Tax Bill For Apple

Whatever Apple thinks they are doing with the various tax codes around the world, they may not be doing it quite right. I know zero about corporate taxation, legal loopholes and the like - and if recent history in any indication, neither do Apple's legal eagles.

This time, Japan has been paid back taxes on iTunes profits to the tune of $120 million, peanuts compared to the recent EU claim, but still a chunk of change.
A report from national broadcaster NHK World claims that the Tokyo Regional Taxation Bureau has told Apple to cough up $120m (12.3bn Yen) to cover back taxes that the Cupertino giant failed to pay.

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