Tokyo Electron to take $30 mln tax charge: report
7/4/12 7:44 PM ET (MarketWatch)Print
LOS ANGELES (MarketWatch) -- Japanese technology firm Tokyo Electron Ltd. will take a 2.4 billion yen ($30 million) tax charge for the April-June quarter after tax authorities charged it for underreporting income over a six-year period, the Nikkei business daily reported Wednesday. The income in question involves transactions with Tokyo Electron subsidiaries in the U.S. and South Korea, the report said. Although the company is making the additional tax payment,it plans to contest the assessment, the report said.
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