Google has sued the Internal Revenue Service over a stock transaction dating back to 2004 with America Online.
The company filed the complaint in U.S. tax court on Thursday, claiming that the U.S. government owes the search giant $83.5 million. Bloomberg, which was first to report the news, spoke with a Google spokeswoman who said that the company hopes "to have it resolved soon."
Google argues that the IRS erroneously disallowed a $238.6 million deduction the company took related to the difference in value between what AOL paid to exercise a Google stock warrant and the actual value of the company's shares.
http://news.cnet.com/8301-1023_3-57591491-93/google-to-irs-hand-over-our-$83.5-million-tax-refund/
The company filed the complaint in U.S. tax court on Thursday, claiming that the U.S. government owes the search giant $83.5 million. Bloomberg, which was first to report the news, spoke with a Google spokeswoman who said that the company hopes "to have it resolved soon."
Google argues that the IRS erroneously disallowed a $238.6 million deduction the company took related to the difference in value between what AOL paid to exercise a Google stock warrant and the actual value of the company's shares.
http://news.cnet.com/8301-1023_3-57591491-93/google-to-irs-hand-over-our-$83.5-million-tax-refund/
No comments:
Post a Comment