The IRS Hits Symantec with a $1 Billion Tax Bill

GnoWay writes "Macworld is reporting that the IRS has charged Symantec Corporation with about a 900 million dollar tax bill due to the charge that Symantec and Veritas (purchased by Symantec last year) under-reported the value of intellectual property which they had transferred to their two Irish subsidiaries. Another $100 million is connected to Symantec's 2003 and 2004 reports."

Comments

Not really a billion

[Anonymous Coward]

900 millions and 100 millions add up to 1000 millions, not 1024 millions.