Japanese Olympic Committee pays ¥2 billion in back taxes after discrepancy

Japanese Olympic Committee pays ¥2 billion in back taxes after discrepancy

The Japanese Olympic Committee has been hit with around ¥2 billion ($13 million) in additional taxes after tax authorities found improper accounting between fiscal 2018 and 2022, the committee has said. There was a difference of opinion over the JOC’s expenses and the timing of recognizing its revenues, the Tokyo-based committee said Wednesday, but it … Read more