Article NVQY Yahoo!: Who! cares! what! US! taxman! thinks!, we'll! spinoff! Alibaba! anyway!

Yahoo!: Who! cares! what! US! taxman! thinks!, we'll! spinoff! Alibaba! anyway!

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from The Register on (#NVQY)
Story ImageRisky maneuver could see it served a hefty tax bill someday

Yahoo! says it's going to press ahead with its plan to spin off its multibillion-dollar stake in Chinese e-commerce firm Alibaba, despite failing to receive a favorable ruling from the US Internal Revenue Service."

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