Nissan Ordered To Pay Back Taxes From Ghosn Era


Nissan ordered to pay back taxes from Ghosn era

Japan's tax authorities have ordered Nissan Motor to pay additional taxes for failing to report income worth about 9.4 million dollars in the five years through March 2019.

Sources told NHK that the Tokyo Regional Taxation Bureau has determined that the undeclared income was used to pay for a corporate jet used by former Nissan chairman Carlos Ghosn and his family. Nissan also covered the rental costs of Ghosn's condominiums in Tokyo and Paris, and paid fees for a fictitious consulting contract with Ghosn's sister.

The tax bureau says Nissan has been ordered to pay about 250 million yen, or about 2.3 million dollars, in back taxes.

Nissan said in a statement that it will deal with the matter in accordance with the notice from the tax bureau.

The bureau also found that Nissan misreported about 1.4 million dollars of Ghosn's personal expenses during the three years prior to 2014.

Nissan filed a lawsuit against Ghosn in February, demanding compensation for losses caused by his alleged irregularities.

Ghosn jumped bail and fled to Lebanon last year, and was put on an Interpol wanted list. There is no prospect of his extradition to Japan.