Interesting People mailing list archives
Tax refunds on overstated profits
From: Dave Farber <dave () farber net>
Date: Sat, 03 May 2003 18:05:51 -0400
Isn't there something about filing fraudulent tax returns? Dave ------ Forwarded Message From: Seth Grimes <grimes () altaplana com> Reply-To: Seth Grimes <grimes () altaplana com> Date: Sat, 03 May 2003 14:57:17 -0700 (PDT) To: Dave Farber <dave () farber net> Subject: Tax refunds on overstated profits Did you see this one? -- http://www.washingtonpost.com/wp-dyn/articles/A7656-2003May2.html Firms Want Refunds Of Tax on Fake Profit MCI Collects Almost $300 Million By Anitha Reddy and Christopher Stern Washington Post Staff Writers Saturday, May 3, 2003; Page E01 Some companies under investigation for fraudulently inflating their earnings over the past few years said yesterday that they have asked or may ask the Internal Revenue Service for refunds of taxes they paid on fake profits. MCI, formerly known as WorldCom Inc., has already collected nearly $300 million in overpayments from the IRS, a company spokeswoman said. The telecommunications giant's accounting irregularities total $11 billion. Enron Corp., which concealed mountains of debt in a tangle of transactions that auditors have yet to unravel, is also talking to the IRS about past taxes, said Mark Palmer, an Enron spokesman. <rest clipped> ------ End of Forwarded Message ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
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- Tax refunds on overstated profits Dave Farber (May 03)