They owe over a billion US in back taxes. yikes.
http://www.techamok.com/?pid=640 [The U.S. Internal Revenue Service is asking Symantec to pay $900 million in back taxes from last year's $10.25 billion acquisition of storage software vendor Veritas, the Cupertino, Calif.-based vendor revealed today. Symantec also said the IRS is seeking approximately $100 million, excluding penalties and interest, from an unrelated audit of the vendor for fiscal years 2003 and 2004. Symantec, which plans to contest the claims, said that it "strongly believes the IRS positions with regard to these matters are inconsistent with applicable tax laws and existing Treasury regulations." It views its previously reported income-tax provision for the years in question as "appropriate," the company added.] Good luck to them with fighting the IRS. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:204571 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
