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Tokyo High Court Nixes Sapporo Breweries' Tax Petition

Tokyo High Court Nixes Sapporo Breweries' Tax Petition

   Tokyo, Feb. 12 (Jiji Press)--Tokyo High Court on Wednesday upheld a lower court ruling rejecting a petition from Sapporo Breweries Ltd. for the return of 11.5 billion yen in what it claims to be overpaid liquor tax on a beer-like beverage product.
   In 2013, the Sapporo Holdings Ltd. <2501> unit launched Goku Zero as a so-called third-segment beer-like drink, subject to a lower liquor tax rate.

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AFP-JIJI PRESS NEWS JOURNAL


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