Home Business Nissan ineligible for tax break after underpaying suppliers – Yomiuri
Nissan ineligible for tax break after underpaying suppliers – Yomiuri

Nissan ineligible for tax break after underpaying suppliers – Yomiuri

by Mose Hickle

Nissan ineligible for tax break after underpaying suppliers – Yomiuri

TOKYO : Japanese automaker Nissan Motor has lost decide up admission to to a tax destroy for companies that elevate wages after unlawfully underpaying dozens of suppliers, the Yomiuri newspaper reported on Saturday.

Nissan had been the employ of the tax destroy and shall be ineligible for at least a year, the newspaper reported. The tax measures were expanded by the Kishida administration as half of efforts to lend a hand companies to enhance wages, the Yomiuri reported.

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Japan’s fine commerce watchdog talked about last month Nissan had unlawfully underpaid 36 suppliers by about 3 billion yen ($20 million) over a roughly two-year duration from January 2021.

The automaker talked about it had refunded suppliers and would give a enhance to its inspection system.

Nissan did not straight answer to demand for statement commence air of industry hours.

($1 = 151.6100 yen)

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Source: Reuters

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