View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 21, 1987

BANKRUPTCY COURT SETS STORAGETEK’S BACK TAX AT MAXIMUM OF $23M

By CBR Staff Writer

On the thorny issue of the Internal Revenue Service’s outrageous tax demand against StorageTek, the bankruptcy court has set the maximum back tax the company needs to pay at about $23m against a demand running into hundreds of millions from the tax gatherers. The revenue men are appealing the bankruptcy court decision, but it has been decided the appeal will be heard by the US District Court in Denver rather than a Federal tax court.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU