Our Government Counter-sues Warren Buffett Company Over Unpaid Taxes
From
Bloomberg News:
NetJets Inc., the private-plane company owned by Warren
Buffett’s Berkshire Hathaway Inc., was countersued by the U.S. over $366
million in taxes and penalties.
NetJets in November sued the U.S., saying the federal government had
wrongly imposed taxes, interest and penalties totaling more than $642.7
million.
Claiming the federal Internal Revenue Service wrongfully assessed a
so-called ticket tax — an excise tax on payments made in exchange for
air transportation — to private aircraft owners maintaining their own
planes, the Columbus, Ohio-based company demanded refunds and
abatements.
The federal government, in a revised answer and countersuit filed
yesterday in federal court in Columbus, rejected NetJets’ claims and
alleged that four of the company’s units owe unpaid taxes and penalties. (Continues)
Source
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