PetaPixel Despite Reports, Canon Not Likely to Incur $7M Tax Penalty for Its Layoffs


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A modern office building with multiple floors, featuring a glass entrance and flags of the state, the United States, and a corporate logo above the main entrance. There are well-maintained green bushes and a clear driveway leading to the entrance, set against a blue sky with scattered clouds.

Earlier this week, photo rumor sites ran with a story that alleged Canon would face tax penalties due to a recent round of layoffs. That is unlikely to happen.

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