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NEWS: Yamato/Departures Film Production Firm Sedic Allegedly Hid 1 Billion Yen in Income




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mdo7



Joined: 23 May 2007
Posts: 5993
Location: Cypress, Texas, USA
PostPosted: Sat Nov 01, 2014 5:44 pm Reply with quote
So what does this mean? Did the company committed fraud or something?? Confused
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Yuki_Kun45
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Joined: 26 May 2008
Posts: 721
Location: U.S.A.
PostPosted: Sat Nov 01, 2014 5:56 pm Reply with quote
This sounds exactly like what happened to Gainax years ago.
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mdo7



Joined: 23 May 2007
Posts: 5993
Location: Cypress, Texas, USA
PostPosted: Sat Nov 01, 2014 5:59 pm Reply with quote
Yuki_Kun45 wrote:
This sounds exactly like what happened to Gainax years ago.


Uh, please refresh my mind (a link to an article would suffice). Because I don't remember any financial incident involving Gainax.
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Cptn_Taylor



Joined: 08 Nov 2013
Posts: 925
PostPosted: Sat Nov 01, 2014 6:06 pm Reply with quote
mdo7 wrote:
So what does this mean? Did the company committed fraud or something?? Confused


Yes they committed fraud. Conning the tax man is seldom good for you.
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labmember001



Joined: 27 Mar 2012
Posts: 48
PostPosted: Sat Nov 01, 2014 6:08 pm Reply with quote
mdo7 wrote:
Yuki_Kun45 wrote:
This sounds exactly like what happened to Gainax years ago.


Uh, please refresh my mind (a link to an article would suffice). Because I don't remember any financial incident involving Gainax.


Link to Gainax's wikipedia article
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mdo7



Joined: 23 May 2007
Posts: 5993
Location: Cypress, Texas, USA
PostPosted: Sat Nov 01, 2014 6:10 pm Reply with quote
labmember001 wrote:


OK, thanks. Now I get it.
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Hoppy800



Joined: 09 Aug 2013
Posts: 2899
PostPosted: Sat Nov 01, 2014 6:24 pm Reply with quote
Corporate tyranny cooking the books, not surprising, lets just hope the company doesn't close down and instead rid themselves of the executives (and any crooked accountants and other people in finance).
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mgosdin



Joined: 17 Jul 2011
Posts: 1299
Location: Kissimmee, Florida, USA
PostPosted: Sat Nov 01, 2014 6:29 pm Reply with quote
Cptn_Taylor wrote:
Yes they committed fraud. Conning the tax man is seldom good for you.


Conning the tax man is a fine art. This I know from experience.

Mark Gosdin
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mgosdin



Joined: 17 Jul 2011
Posts: 1299
Location: Kissimmee, Florida, USA
PostPosted: Sat Nov 01, 2014 6:36 pm Reply with quote
Hoppy800 wrote:
Corporate tyranny cooking the books, not surprising, lets just hope the company doesn't close down and instead rid themselves of the executives (and any crooked accountants and other people in finance).


Or just a reaction to the incentives from what might be a Tax code that is predatory.

Agreed that hopefully it won't kill the business since there are people that depend on it for a living that were completely innocent in regards to this incident.

Beyond a certain point accountants & lower level executives are likely just doing what their superiors required them to do. I wouldn't get to anxious to see them hurt.

Mark Gosdin
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nargun



Joined: 29 Mar 2006
Posts: 896
PostPosted: Sat Nov 01, 2014 8:15 pm Reply with quote
mgosdin wrote:
Or just a reaction to the incentives from what might be a Tax code that is predatory.


I'm not entirely sure what you mean, here. Do you think you could give me some examples of what you're thinking of, things that you think the japanese government might plausibly be doing that you'd describe as "predatory".

EDIT:

> Beyond a certain point accountants & lower level executives are likely just doing what their superiors required them to do.

Following orders?
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Cptn_Taylor



Joined: 08 Nov 2013
Posts: 925
PostPosted: Sat Nov 01, 2014 9:43 pm Reply with quote
nargun wrote:
mgosdin wrote:
Or just a reaction to the incentives from what might be a Tax code that is predatory.


I'm not entirely sure what you mean, here. Do you think you could give me some examples of what you're thinking of, things that you think the japanese government might plausibly be doing that you'd describe as "predatory".


Predatory as a system that vexates people and businesses. For example too high a tax rate. Complicated tax documents. A system where if you're inspected you're assumed guilty by default and then you have to prove your innocence to the tax authorities (if you're audited by the IRS say your prayers man). You know, things like these ?
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residentgrigo



Joined: 23 Dec 2007
Posts: 1946
Location: Germany
PostPosted: Sun Nov 02, 2014 1:04 pm Reply with quote
Interesting news story. Off to google i go and I almost forgot how sneaky Gainax used to be and i read their book.
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