Doing business in Asia, Japan, China, Hong Kong, Taiwan, South Korea, and Russia.

Three of Japan's automakers, Honda Motor, Mitsubishi Motors and Mazda Motor are selling more cars, but making less profit doing so.

Honda Motor Co's saw their profits dropped a whopping 86% in the first quarter of this year compared to last year.

The main reason - a corporate tax was levied on its Chinese joint venture of $244 million.

The Tokyo Regional Tax Bureau = think Japan's IRS - demanded more money from

Honda says they paid their dues in China and have been abiding by the law.

Japan's IRS says, 'we want more and we are going to get it.'

They got it. 

source