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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Japan JPMorgan workers 'didn't declare $8.4 mln' AFP - Sunday, February 13 Send IM Story Print Japan JPMorgan workers 'didn't declare $8.4 mln' TOKYO (AFP) - – Some 120 former and current employees of JPMorgan Securities Japan Co. failed to declare over $8 million of income obtained through stock options, according to a report. They bought shares in their employer's parent company, JPMorgan Chase & Co., at a discount, but never declared the profit after selling, Kyodo News said citing unnamed sources, adding the total amounted to 700 million yen ($8.4 million). Many of them are believed to have traded the shares in foreign accounts, which Japan's taxation authorities have difficulty checking. Most of those involved amended their tax returns following inspections by the Tokyo Regional Taxation Bureau, Kyodo said. "We're not aware of (the declaration failure) as it's a personal issue for each employee," said JPMorgan Securities Japan, quoted by Kyodo. Recommend Send IM Story Print Related Articles Rio CEO targets iron ore as demand booms AFP - 57 minutes ago MIDEAST STOCKS - Factors to watch - Feb 13 Reuters - 1 hour 16 minutes ago RPT-Emirates picks banks for bond issue - IFR Reuters - 1 hour 21 minutes ago S.Korea firms win $2.5 bln order from Saudi AFP - 1 hour 27 minutes ago TABLE-IVRCL Infra Oct-Dec net profit flat, lags f'cast Reuters - 1 hour 41 minutes ago News Search Top Stories Airlift rescues abandoned LA chihuahuas Greece slams 'unacceptable' EU-IMF asset sale call Weber says he had 'minority' view on key issues Iraq suicide bomber kills 27 Shiite pilgrims Erik Guay claims ski world downhill gold More Top Stories » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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