(credit: Getty Images) Amazon has successfully emerged from a lawsuit brought by the Internal Revenue Service, saving the company from a huge potential tax bill. A federal tax court judge ruled last week that the agency’s determination that Amazon’s re-assessed tax liability for 2005 and 2006 of $1.5 billion plus interest was "arbitrary, capricious, and unreasonable." Had Amazon lost, it would have had to pay that full amount, plus interest, and perhaps more for subsequent years. Read 6 remaining paragraphs | Comments
Irs Loses Lawsuit In Attempt To Get Amazon To Pay $1.5b In Back Taxes
Cyrus Farivar, Ars Technica
Wed, 03/29/2017 - 3:30am
BING NEWS:
- Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
If you think you were due a refund from 2021 but you don't receive one after you file your old tax return, all or part of your tax refund may have been offset, meaning it was used to pay past-due ...
04/26/2024 - 10:04 pm | View Link - 940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B the IRS Is Holding. See If You're Owed Money
If you think you were due a refund from 2021 but you don't receive one after you file your old tax return, all or part of your tax refund may have been offset, meaning it was used to pay past-due ...
04/26/2024 - 10:04 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more