Recruit Holdings (6098) · RiskMitigated
Increased Tax Burden Due to Tax Systems in Various Countries, Transfer Pricing and Digital Taxation
First written in FY2020-Q2. 1 of 3 entries say "Worsened", first in FY2022. Latest entry: FY2024.
3entries
6years
0from disclosures
How it moved
Same theme, other companies
Risk of Tax Law Changes and Tax Reassessments in Various CountriesA theme 12 companies write about · 12 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2024MitigatedAnnual report
「Our Group does not anticipate material exposure to Pillar Two corporate income tax in those jurisdictions.」
Following an assessment of the introduction of OECD Pillar Two, the company disclosed that it did not expect significant tax exposure as of FY2024. - FY2022WorsenedAnnual report
「More than 140 countries have provisionally signed an OECD framework stipulating a minimum tax rate of 15%, among other measures, but the timing of implementation is uncertain. If the framework changes our tax obligations, it could affect the financial condition and results of operations of our Group.」
Tax risks are described in greater detail, including the effects of the international tax framework incorporating the OECD minimum tax rate of 15%, transfer pricing and digital taxation. - FY2020-Q2First statedAnnual report
「Our Group is subject to various tax systems, including corporate income tax, in Japan and the other jurisdictions in which it operates.」
The risks that tax reforms and changes in interpretation in various jurisdictions, the valuation of deferred tax assets, transfer-pricing rules, additional taxation and digital taxation may affect financial condition and results of operations are described for the first time as a separate item.