Monday, July 6, 2009

Amazon.com Owes 14 Billion Yen, Says Japan

Amazon.com owes Japan 14 billion yen, or approximately $119M in taxes, according to a report Sunday by Japan's Asahi Shimbun. According to the paper, Japan has been seeking to collect taxes from two of Amazon.com's affiliates in the country since 2007, with Amazon.com saying it has properly paid taxes to the U.S., and is covered by a tax treaty between Japan and the U.S.