Tokyo tax man fines Japanese arm of Universal Music

Authorities allege it dodged levies on $101 million

TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income.

Universal, owned by French media conglom Vivendi, is appealing.

In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using $1.01 billion in borrowings from a French company within the group. It later claimed $101 million of interest on the loan as a loss for a three-year period ending in December 2010.

The cross-border movements of coin enabled the company to use the lower tax rate in France.

Tokyo tax authorities charge that the restructuring was carried out solely to trim the company’s tax bill. Universal has countered in a statement that it followed “appropriate procedure under tax law.”

More Film

  • THE PREDATOR Fox

    Director Shane Black Took a 'Butch-and-Sundance Approach' to 'The Predator'

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • Best Comic-Con 2018 Panels: 'Walking Dead'

    Comic-Con 2018's Can't-Miss Panels

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • NOW TV Jeff Goldblum statueNOW TV

    A 25-Foot Jeff Goldblum Statue Appears in London

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • Ashton Sanders, Antoine Fuqua, Director/Producer, and

    Denzel Washington Reveals Why 'Equalizer 2' Was His First Sequel

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • Alfonso Cuaron's 'Roma' Set as New

    Alfonso Cuaron's 'Roma' Set as New York Film Festival's Centerpiece

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • Database of Minority Entertainment Journalists, Critics

    Time's Up, USC Annenberg Launch Database of Underrepresented Journalists, Critics

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

  • No Merchandising. Editorial Use Only. No

    'The Dark Knight' and More Superhero Films that Wowed Fans and Critics

    TOKYO — Universal Music LLC, the Japanese arm of Universal Music Group, has been fined $38 million by the Tokyo tax authorities for not declaring nearly $101 million in taxable income. Universal, owned by French media conglom Vivendi, is appealing. In January 2009 Universal Music LLC bought out another Japanese entity, Universal Music KK, using […]

More From Our Brands

Access exclusive content