08-07-2003, 12:59 PM
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Admiral
  
Join Date: May 2000
Location: Redlands & San Diego, CA.
Posts: 5,882
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intel possibly owing $600 million in back taxes. . .
Whoops, looks like someone forgot to pay our three favorite letters in the world. IRS claiming intel owes 600 mil plus interest http://money.cnn.com/services/ticker...4_FORTUNE5.htm
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08-07-2003, 09:57 PM
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Commander
 
Join Date: Jun 2003
Posts: 1,189
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The question is if they knew this was going on or was it an oversight?
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08-08-2003, 03:40 AM
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Admiral
Join Date: Jan 2002
Location: NorCal
Posts: 6,124
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Quote:
Neither. This is the IRS and Intel having different interpretations of a tax benefit for export sales. This is going to take a little while to resolve and will be decided in the tax courts. Considering the sum involved, I am sure tax attorneys on both sides will be very busy.
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I think over again My small adventures, my fears. The small ones that seemed so big, For all the vital things I had to get and to reach. And yet there is only one great thing, the only thing: To live to see the great day that dawns, And the light that fills the world. -old Inuit song |
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08-08-2003, 08:34 AM
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What's Da Pho*?
 
Join Date: Aug 2001
Location: SoCal (714)
Posts: 13,296
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Quote:
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