Liberty Global Inc. owes taxes on its $2.8 billion gain from selling shares in a Japanese business, the U.S. Tax Court found Wednesday, rejecting the Colorado telecommunications company’s argument that an Internal Revenue Code section providing a deduction for overall foreign losses exempted the gain.
Liberty Global Must Pay Taxes On $2.8B Gain, Tax Court Rules
by usoftax_admin | Nov 8, 2023 | Tax News