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Ajinomoto Accused of Underreporting ¥150 Billion Linked to Overseas Units

Japan’s national tax agency alleges the food giant failed to report significant income from its overseas subsidiaries, NHK News reports.

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Terms & Concepts
  • National tax agency: A government authority responsible for collecting taxes and enforcing tax laws within a country.
  • Overseas subsidiaries: Companies owned or controlled by a parent firm, operating outside the parent firm's home country.