Path: utzoo!attcan!cmtl01!matrox!uvm-gen!uunet!lll-winken!ames!mailrus!csd4.milw.wisc.edu!uxc!iuvax!pur-ee!pur-phy!tippy!bah
From: bah@tippy.uucp
Newsgroups: comp.sys.amiga
Subject: CBM vs. IRS
Message-ID: <12500004@tippy>
Date: 25 Jan 89 04:02:00 GMT
Lines: 15
Nf-ID: #N:tippy:12500004:000:603
Nf-From: tippy.uucp!bah    Jan 24 23:02:00 1989


This might be of interest to most readers of this group. From the Financial
Notes section of the Jan.16-20 edition of TWICE magazine. Quote----

"Commodore has been hit by the IRS for $74.1 million in back taxes for
overseas earnings in 1981-83. The computer maker says it will challenge
the claim, and notes that its tax credits more than cover the claim."-----
End of Quote.

Hate to think what this will do to CBM if the IRS wins this one (and they
rarely come out empty-handed).

Any comments from someone with inside knowledge of this situation?

      Bob Hahn       ....ihnp4!itivax!duncan!bah