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";s:4:"text";s:14589:"Anime Studio ufotable Under Investigation for Possible Tax Evasion. The amount that is being reported by The Mainichi Shimbun that they failed to pay was 139 million yen, which is equivalent to about $1.28 million USD. It involoves hiding or false income, without proof of inflating deductions, not reporting cash transaction etc. That is why a single country cannot solve the problem on its own. The report also stated that ufotable founder, director, and president, Hikaru Kondo, allegedly received merchandise sales revenue directly. That’s about $1.27 million. It is alleged that portions of the income from select stores were not transferred into the company’s bank account and registered on their earnings. A new report from Japan went live today confirming ufotable, the studio behind Demon Slayer has been charged with tax evasion. Tax Evasion: causes, measurement and strategies for facing it. Tax evasion can be either the illegal non-payment or underpayment of actual tax liabilities due. Sources: Mainichi, Yahoo! According to the magazine, they reached out to the bureau and ufotable. The report notes that one aspect of this investigation relates to the company’s handling of the sale of merchandise related to their properties. One common tax evasion strategy is failing to pay turn over taxes you have collected from others to the proper federal or state agency. After an extensive investigation from The Tokyo District Public Prosecutors Office has charged both Ufotable as a company and Hikaru Kondo personally with violating the Corporation Tax Act and the Consumption Tax Act respectively. Tax fraud and tax evasion affects us all. 286 comments. Archived. Join the online community, create your anime and manga list, read reviews, explore the forums, follow news, and so much more! According to reporting by Bunshun Online via Yahoo Japan, at around 10 am on March 12, the offices of ufotable were raided by national tax investigators as well as their cafes in Koenji and Tokushima. Posted by 1 year ago. Tax evasion in Latin America: an urgent call for attention. In some perhaps worrying news, it has recently been revealed that the animation studio behind many of the recent Fate/ series anime adaptations, ufotable, have been placed under investigation for potentially illegal tax evasion by the Tokyo National Tax Agency. 1 in New Elementary Schooler Poll, Ufotable’s Strength Comes From Communication, Shonen Jump Is Learning the Wrong Lessons From Kimetsu no Yaiba’s Success. Specifically, evasion seems to be happening on the retail side of things: at four cafes run by the studio in Tokyo and Osaka. The Tokyo Regional Taxation Bureau has filed a criminal complaint, accusing Ufotable and its president, Hikaru Kondo, of evading 139 million yen in taxes. Alfredo Collosa. And now, it seems that the studio known for high budget and beautiful animation has really been skimping on their taxes. Kondo was allegedly tucking around 30% of proceeds from company-owned restaurants in Tokyo in a safe in his own home on a regular basis. Ufotable released a statement on their website on the charges, saying that they have paid back all the taxes owed for the period of times and that they are working closely with The Tokyo Regional Taxation Bureau to "comply with all laws and regulations" and "create a production environment that is sustainable to create better works.". Tax Evasion: Some models that attempt to explain it – Argentine Association of Fiscal Studies -Alfredo Lamagrande – (Topic ID: 1774308) (50 - ) Michel Jorratt. However, although the agency refused to comment directly on the case, officials have said that Kondo has admitted to some of the charges placed against them. bunshun.jp/articl... News. 1 – PAC CAT Interview, Me & Roboco Reflects on Jump’s 2020 Losses, Aims for Kimetsu no Yaiba Sales Figures, One Piece Prevails Over Kimetsu no Yaiba in TV Asahi’s Manga General Election, Tokyo Revengers Reveals Teaser for Upcoming Live-Action Adaptation, Animage and Studio Ghibli Exhibition Explores Ghibli’s Origins, Relationship With Seminal Anime Magazine. Upcoming Fate/Grand Carnival OVA Looks Like Carnival Phantasm Sequel, Demon Slayer Movie Gets MX4D and 4DX Treatment in Japan, Tanjiro From Demon Slayer Ranks No. It makes it harder for those compliant businesses to be profitable when they are competing with businesses that do not bear the expense of paying their fair share of taxes. Puzzle & Dragons Announces Collaboration With Demon Slayer, Demon Slayer x LOTTE Collaboration Goods Contest With Double Chance Prize, Osaka-Kansai Expo 2025 Logo Sparks Comparison to SCP-066, Made in Abyss and Others, ‘Fate/Grand Order Waltz’ Shows Surprising Appetite For a ‘Fate’ Rhythm Game, OR x TWELVE ARTISTS x OTAQUEST+DA.YO.NE vol. The report also stated that Ufotable owed ¥400 million in taxes which are... The money to fund more projects at Ufotable more together and internationally to combat the problem at and., modeled as a gamble against the enforcement capability of the state the Tokyo Regional Taxation Bureau tax,. But Ufotable pedigree is still bound to have more investors than random startup! Against the enforcement capability of the state really been skimping on their taxes million. More together and internationally to combat the problem on its own no Demon can Slay evasion... 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