Feeds

M$ Japan staff fail to declare stock option income

$27.9 million owed in back taxes

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

There must be gloom clouds over Microsoft Japan where, according to Japanese newspaper reports, some 150 Microsoft employees (out of around 1,000 in Japan) have failed to declare, or have incorrectly declared, some $65 million of stock option income over several years.

It's going to be a pricey oversight, because the reports say that $27.9 million in back taxes and penalties will have to be paid. The former president of Microsoft Japan was said by Nikkei to have under-reported "several million dollars".

Of course, those who have hung on to their shares may be able to ameliorate their position because of the subsequent fall in the value of Microsoft shares to a little over half of what they were last December.

Microsoft Japan has been quick to point out that the filing of tax returns is the responsibility of the individuals. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.