Reply to post: Yahoo owes taxes?

Yahoo! owes! us! one! billion! dollars! in! back! taxes! say! US! govt! beancounters!

HildyJ Silver badge

Yahoo owes taxes?

My first thought on reading the headline was 'Yahoo has income?'

Reading further it becomes clear that this was just a normal high faluting divestment scam which the IRS wants a piece of.

Digging into this, after selling it's core business to Verizon, it changed its stock name to Altaba and became essentially a holding company for Yahoo's remaining shares of Alibaba. CNN reported in 2017 that sales of the Alibaba shares would result in a massive tax bill and they were right.

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