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

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


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