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Sharp accused of failing to declare 800m yen

By Matt Chapman

Jul 3 2006 9:20AM

The tax authorities in Japan have accused Sharp of not declaring ¥800m (£3.8m) in income.

Sharp accused of failing to declare 800m yen

The tax authorities in Japan have accused Sharp of not declaring ¥800m (£3.8m) in income.

Sharp allegedly failed to disclose the earnings over a three-year period, and is accused of "hiding" ¥600m.

The electronics firm described the discrepancy as a "mistake", and claimed that the Osaka tax authority had failed to understand its views.

Sharp has been ordered to pay ¥300m in taxes.

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