Juggling the assets
Kyodo via Yahoo: Japan Kennel Club failed to declare 350 mil. yen in income
The Japan Kennel Club was found by tax authorities to have failed to declare 350 million yen in taxable income in the four fiscal years through March 2004, sources said Wednesday. The Tokyo Regional Taxation Bureau concluded after a tax audit that about 55 million yen was used to pay nonexecutive directors who are not on its payroll and were paid off the books, the sources said. The organization, overseen by the Ministry of Agriculture, Forestry and Fisheries, said it paid around 90 million yen in penalty and back taxes, but denied any irregularities in accounting. Yoshihiro Kajinami, an executive director of the club, said the organization had "differences of view" with the tax authorities in differentiating incomes generated by its public services operations from "for-profit" businesses. The group, headed by Takemi Nagamura, a former head of the agriculture ministry's Livestock Industry Department, filed a revised tax return in accordance with instructions by the tax authorities.
