IRS Probes Nissan Bermuda Activities
The US Internal Revenue Service has told a Nashville court it has reason to believe that Nissan North America has moved all or some of its US extended service contract business offshore to Bermuda as a result of a probe of the company’s off-shore business activities.
The IRS, by way of the US Attorney’s office for the Middle District of Tennessee, had been seeking an order in US Federal court for Nissan to turn over various documents it says are relevant to determining taxes owed in 2005 and 2006, according to court documents.
On Monday (Jan.3) District Judge Todd Campbell on Monday ordered Tennessee-based Nissan to comply with an IRS summons it had resisted since last March to turn over documents
The IRS had stated that Nissan had refused to hand over over certain documents.
Last year a Nissan spokesman said the company was “are aware of the IRS request and hope to satisfy their inquiry through continued dialogue in lieu of legal action.”
