Path: utzoo!attcan!uunet!lll-winken!ames!oliveb!amiga!cbmvax!jesup
From: jesup@cbmvax.UUCP (Randell Jesup)
Newsgroups: comp.sys.amiga
Subject: Re: CBM vs. IRS
Message-ID: <5812@cbmvax.UUCP>
Date: 26 Jan 89 19:37:44 GMT
References: <12500004@tippy>
Reply-To: jesup@cbmvax.UUCP (Randell Jesup)
Organization: Commodore Technology, West Chester, PA
Lines: 19

In article <12500004@tippy> bah@tippy.uucp writes:
>"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).

	Nothing really, since as it says, our tax credits more than cover
the claim.  (It's amusing that they filed at 11:59pm Dec 31 to beat the
statute of limitations.)  It would have no affect on the operation or
cash flow of the company, I believe (what do I know, I'm a programmer).

	Don't worry.  The investment community isn't (no change in stock
price when this was announced.)

-- 
Randell Jesup, Commodore Engineering {uunet|rutgers|allegra}!cbmvax!jesup