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The IRS Hits Symantec with a $1 Billion Tax Bill

Posted by ryuzaki0 on from the i-don't-feel-quite-so-bad-now dept.

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."

3 of 337 comments (clear)

  1. News source by charlesnw · · Score: 0, Troll

    Why was this posted on Macworld? Talk about off topic...

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    Charles Wyble System Engineer
  2. Haha by Odin_Tiger · · Score: 0, Troll

    pwned.

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    Unpleasantries.
  3. Thanks IRS - way to bring down the market by us7892 · · Score: 0, Troll

    Hey IRS - thanks for bringing down their stock price by 40 cents. Hit all us stockholders in the pocketbook. How about working on a payment deal without going for the headlines?