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Geek Culture / Sony has to pay $243 million in back taxes?

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Zone Chicken
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Posted: 1st Jul 2006 05:34
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http://1up.com/do/newsStory?cId=3151893

Ouch, if the findings are actually true.

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FINN MAN
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Posted: 1st Jul 2006 05:37
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now the ps3 will be like...$800,$900,...$1000.

http://www.militaryfreezone.org/

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Steve J
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Posted: 1st Jul 2006 05:45
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*12 months after ps3 release*

Walmart is now offering the low low prices of $1000, and $2000 for the ps3!



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indi
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Posted: 1st Jul 2006 05:46
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sony accountant :

" woops i forgot about that 3 zillion dollars in my drawer, i think my boss is going to be upset a little, maybe next time i wont try to balance the books on this psp"

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Steve J
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Posted: 1st Jul 2006 05:48
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Haha! *waits for Matt Rock*



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FINN MAN
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Posted: 1st Jul 2006 05:48
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I think LG is buying Sony, right?

http://www.militaryfreezone.org/

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Michael S
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Posted: 1st Jul 2006 06:14
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I doubt it.


I pity the noob!
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Oddmind
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Posted: 1st Jul 2006 10:00
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Quote: "" woops i forgot about that 3 zillion dollars in my drawer, i think my boss is going to be upset a little, maybe next time i wont try to balance the books on this psp""


you mean over a PooS network

formerly KrazyJimmy

I'm the lizard king, I can do anything.
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Nicholas Thompson
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Posted: 1st Jul 2006 17:50
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Quote: "I think LG is buying Sony, right?"


I'm pretty sure Sony are bigger than LG...

[center]
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Matt Rock
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Posted: 1st Jul 2006 18:08 Edited at: 1st Jul 2006 18:09
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Quote: "Haha! *waits for Matt Rock*"

The wait is over

Sony could buy about twelve LG's if they wanted to. They're the most successful home entertainment company in the world.
edit: I heard rumors that Sony wants to buy Kyocera, so maybe that's where the confusion came from.

Eh, this is only a quarter of a billion dollars... they've got that lying around, I'm sure. This sort of stuff always seems to happen to electronics companies. Didn't Nintendo have this same problem? And Aiwa? I dunno, when you're dealing with that much money I guess accidents can happen, but even I, the biggest Sony fanboy on TGC (the only Sony fanboy on tgc? ) will admit that Sony really %#@#%ed the pooch on this one, if it proves to be true. But...
Quote: "Sony's not pleased, so they're currently planning on filing a protest with Japanese tax authorities citing double taxation under U.S.-Japan bilateral tax treaties."

Don't bilateral tax treaties only exist between annexed nations and their "superiors" or whatever they call that? Like Puerto Rico and The United States, or Hong Kong and England before HK went back to Chinese rule? And I wouldn't be surprised if they managed to win a case like that. The bigger the corporation, the more often they get away with crap, and sony has a long, long history of dodging bullets and whatnot (like most other super-corporations). I'm not saying they should get away with it, I'm saying they probably will, so don't try to misquote me That seems to be happening a lot lately lol


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Hobgoblin Lord
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Posted: 1st Jul 2006 18:14
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Quote: "Don't bilateral tax treaties only exist between annexed nations and their "superiors""


http://www.ustreas.gov/press/releases/js1191.htm

Looks like we have a ton of them actually.

http://www.cafepress.com/blackarrowgames
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Matt Rock
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Posted: 1st Jul 2006 18:23
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That's cool to know. Well in that case, Sony probably has a case. See, I'm at a conflict of interests here. The fanboy in me wants them to win, but the liberal in me thinks that as a corporation they should face the music and be forced to pay out the wazoo.


"In an interstellar burst, I'm back to save the universe"
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BearCDPOLD
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Posted: 1st Jul 2006 20:40 Edited at: 1st Jul 2006 20:41
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It's time to leave Sony, Matt. Get your CDs out of their car, and just move on.

My dad just bought a Sony receiver .
If only Guitar Hero were on other platforms.


I'm going to eat you!
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Jeku
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Posted: 1st Jul 2006 20:56
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I'm with Matt Rock on this one. $250 million is pocket change to the likes of Sony or Microsoft. Nintendo would have a harder time with it I suppose. But really, people may lose their jobs over this--- that's probably it.


"I understand creative people. After all, I worked with towel designers." - Ray Kassar, former head of Atari
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TDP Enterprises
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Posted: 1st Jul 2006 21:27
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Quote: "$250 million is pocket change to the likes of Sony or Microsoft. "

Not pocket change, its more liek if the governemnt came to oen of us and said you owe $3k in extra taxes, most of us could pull it off but itd put a nice dent in soem of our plans.

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Steve J
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Posted: 1st Jul 2006 22:42
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I couldnt pull that off-_- I have about $200 to my name, especially since my cc is charged (really not my fault, I am looking into how much money the moving company charged me, because it wasnt supposed to be more than $500), and I just moved. That would be a pretty large dent for me, aka bankruptcy...

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TDP Enterprises
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Posted: 2nd Jul 2006 00:13
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hence the word 'most' in my post

Snow Wars is making its return, check out the Game Design Theory board for more info...
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Matt Rock
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Posted: 2nd Jul 2006 00:16
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Well $3k is a lot of money to your average person... I think it's more like $250 Sony can take this blow and move one whereas a lot of companies would probably keel over and bleed from every orifice. They'll be fine.


"In an interstellar burst, I'm back to save the universe"
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Hobgoblin Lord
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Location: Fall River, MA USA
Posted: 2nd Jul 2006 00:40
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Of course you have to remember they have not "lost" anything, if they were supposed to have paid this in taxes it was money they never had to begin with and It has just been sitting around collecting interest. Besides these corps have money set aside for just these kind of things

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