Home Must Reads Oregon loses bid to recover $29.4M in back taxes

Oregon loses bid to recover $29.4M in back taxes

| Print |  Email
Must Reads
Friday, December 21, 2012

Oregon lost a bid in Delaware bankruptcy court to recover $29.4 million in back taxes from Washington Mutual.

Assistants to Oregon Attorney General Ellen Rosenblum traveled to Wilmington in September to persuade a judge that what was once the state's second-largest bank owed excise taxes, penalties and interest on shelters it set up in the state.

Washington Mutual Inc. set up Real Estate Investment Trusts in Beaverton through its subsidiary, Washington Mutual Bank. Those REITs held billions of dollars of interest-bearing loans within them that generated income for the bank. Oregon claims it can tax that income.

Read more at OregonLive.com.

{biztweet}oregon tax{/biztweet}

 

More Articles

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS