on tax evasion, modeled as a gamble against the enforcement capability of the state. Allegedly Kondo used the money to fund more projects at Ufotable. 1.2k. He also runs the YouTube channel about Japan stuff called TheDoctorDazza, tweets at @DoctorDazza, and posts photos of his travels on Instagram. Ufotable studio and president accused of tax evasion After a lengthy investigation, the Tokyo District Public Prosecutors Office has charged both Ufotable and president with tax evasion. Hikaru Kondo, the president of Ufotable, was also charged with tax evasion himself, apparently storing a percentage of funds from Ufotable shops and placing them into a safe! Bunshun did request for comment from Mr. Kondo but heard no response at the time of the article’s publication. AnimeSuki Forum > Anime Related Topics > General Anime: Ufotable Under Investigation For Tax Evasion Join the online community, create your anime and manga list, read reviews, explore the forums, follow news, and so much more! », Attack on Titan Final Season Enlists Mikasa for This Week's Thank You Illustration », Giant PROMISED NEVERLAND Plush Lets You Give Emma the Hug She Deserves », Anime Studio Ufotable and Founder Charged With Tax Evasion, Pays Back 139 Million Yen, Freelance Anime Staff in Japan to Qualify for Workers' Accident Compensation Insurance Next Year. Specifically, evasion seems to be happening on the retail side of things: at four cafes run by the studio in Tokyo and Osaka. Ufotable, the anime studio known for working on many anime adaptations for the Fate/stay night series, is now under investigation for tax evasion by the Tokyo Regional Taxation Bureau. The amount that is being reported by The Mainichi Shimbun that they failed to pay was 139 million yen, which is equivalent to about $1.28 million USD. Close. June 03 ... filing taxes can be a huge pain in the butt and oftentimes you're just sitting there in the tax office filling out forms for what feels like hours. 1 in New Elementary Schooler Poll, Ufotable’s Strength Comes From Communication, Shonen Jump Is Learning the Wrong Lessons From Kimetsu no Yaiba’s Success. Tax evasion, often considered to be synonymous with tax fraud, is the act of misrepresenting or concealing the amount of taxable income on an annual tax return. Anime studio Ufotable Inc., widely known for its “Demon Slayer: Kimetsu no Yaiba” series, and its president have been accused of evading some ¥139 million in taxes, sources said Wednesday. Tax evasion can be either the illegal non-payment or underpayment of actual tax liabilities due. Puzzle & Dragons Announces Collaboration With Demon Slayer, Demon Slayer x LOTTE Collaboration Goods Contest With Double Chance Prize, Osaka-Kansai Expo 2025 Logo Sparks Comparison to SCP-066, Made in Abyss and Others, ‘Fate/Grand Order Waltz’ Shows Surprising Appetite For a ‘Fate’ Rhythm Game, OR x TWELVE ARTISTS x OTAQUEST+DA.YO.NE vol. Kondo has been alleged to have moved income from the Tokyo-based cafes run by Ufotable, and falsely reported income statements in 2015, … Works produced at Ufotable include Demon Slayer: Kimetsu no Yaiba, Fate/stay night, Fate/Zero, the Garden of Sinners anime film series, and the Fate/stay night [Heaven's Feel] film series. The anime studio ufotable, along with its founder Hikaru Kondo, has been charged with tax evasion. Tax evasion is most commonly thought of in relation to income taxes, but tax evasion can be practiced by businesses on state sales taxes and on employment taxes. Anime studios are big business, and when you're a studio like Ufotable, who have their own cafes, merchandise, and some of the biggest franchises in anime today (mostly in part to the outstanding work of the staff and contractors that work for the studio), the harder the business becomes to run – especially when founder and president Hikaru Kondo allegedly takes 30% of all the profits and hides the money in a personal safe, reported Mainichi on June 3. In some perhaps worrying news, it has recently been revealed that the animation studio behind many of the recent Fate/ series anime adaptations, ufotable, have been placed under investigation for potentially illegal tax evasion by the Tokyo National Tax Agency. The US tax system requires you, as a taxpayer, to figure out how much money you owe in taxes and then pay that amount—and you want to make sure you pay as little as possible. Ufotable released a statement on their website on the charges, saying that they have paid back all the taxes owed for the period of times and that they are working closely with The Tokyo Regional Taxation Bureau to "comply with all laws and regulations" and "create a production environment that is sustainable to create better works.". Upcoming Fate/Grand Carnival OVA Looks Like Carnival Phantasm Sequel, Demon Slayer Movie Gets MX4D and 4DX Treatment in Japan, Tanjiro From Demon Slayer Ranks No. Of course not, but UFOtable pedigree is still bound to have more investors than random anime startup #xxxx. It is claimed that Kondo was receiving money directly from merchandise sales rather than the money going … Ufotable Animation Studio accused of Tax Evasion Fraud. Investigations are currently underway at Ufotable’s cafes in Koenji and Tokushima in … This represents a serious charge of financial misconduct by ufotable and its president, and we’ll be sure to report on any updates to this story over the coming weeks and months as the investigation into these charges continues. In March 2019, it was reported that a search was performed on Ufotable's offices due to alleged tax evasion. share. News. save. The searched areas include the animation studio in Suginami, Tokyo, as well as the ufotable … Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts.Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affairs to the tax authorities to reduce their tax liability, and it includes dishonest tax reporting, such as declaring less income, profits or gains than the amounts actually earned, or overstating deductions. Ufotable, an anime studio responsible for series such as Fate/stay night Unlimited Blade Works, Fate/Zero, The Garden of Sinners, and God Eater, is currently under an investigation for possible tax evasion. Japanese animation studio ufotable, best known for their anime adaptions of the popular Fate anime franchise, is under investigation by the Tokyo Regional Taxation Bureau for alleged tax evasion. Tax Evasion: Some models that attempt to explain it – Argentine Association of Fiscal Studies -Alfredo Lamagrande – Ufotable suspected tax evasion case update: Amount involved is around $US ~3.5 million; might also be involved in misappropriation of earthquake charity donations Tax evasion is serious offense comes under criminal charges and substantial penalties. However, although the agency refused to comment directly on the case, officials have said that Kondo has admitted to some of the charges placed against them. 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