Mizuho Bank Subsidiary omission of 8.4 billion Yen

Interviews with related parties revealed that the Mizuho Bank was pointed out by the Tokyo Taxation Bureau about the omission of about 8.4 billion yen over the tax treatment of a subsidiary in Tax Haven. In response to this, Mizuho Bank has filed an appeal in the Tokyo District Court for cancellation of the disposal.

According to the officials, Mizuho Bank is a tax haven subsidiary in the Cayman Islands and sums the profits of the subsidiary from Mizuho Bank's income from the Tokyo National Tax Bureau over the flow of funds when the capital is repaid to investors. It was pointed out that it should be.

The NTA then applied the “tax haven countermeasure tax system” to prevent tax evasion overseas, pointed out the omission of about 8.4 billion yen in the March period three years ago, and added about 2 billion yen. about it.

In response to this, Mizuho Bank has filed an appeal to the Tokyo District Court to cancel the disposal.

In response to NHK's interview, Mizuho Bank said that the additional tax was paid in full, and that “There is a difference in opinion with the national tax authorities and that a lawsuit has been filed, but since it is pending, a detailed response will be withheld. I want to. "