Did Time Warner Stick AOL With $16.2 billion in Back Taxes?
In a strange ironical twist, Time Warner has done to AOL exactly what Microsoft has done to its own employees. Obviously, this sounds patently ridiculous yet one need only review the SEC filings to see that $16.2 billion of the purchase price AOL paid for Time Warner was allocated to deferred taxes. In plain English, that means Time Warner stuck AOL with a $16.2 billion back tax bill. Meanwhile, Wall Street is silent and instead glorifies AOL moving from 27 to 29 million subscribers, many of which are probably not even cash paying subscribers. It also now appears that many analysts are now trying to issue glowing reports to capture AOL’s inevitable significant future debt offerings necessary to not only sustain its operations but also purchase AT&T’s 25 percent stake in Time Warner, expected to cost between $8 and $15 billion. Please note that Parish and Company was the first to clearly explain and document that Time Warner had indeed stuck AOL with $16.2 billion in back taxes. It is o
In a strange ironical twist, Time Warner has done to AOL exactly what Microsoft has done to its own employees. Obviously, this sounds patently ridiculous yet one need only review the SEC filings to see that $16.2 billion of the purchase price AOL paid for Time Warner was allocated to deferred taxes. In plain English, that means Time Warner stuck AOL with a $16.2 billion back tax bill. Meanwhile, Wall Street is silent and instead glorifies AOL moving from 27 to 29 million subscribers, many of which are probably not even cash paying subscribers. It also now appears that many analysts are now trying to issue glowing reports to capture AOL’s inevitable significant future debt offerings necessary to not only sustain its operations but also purchase AT&T’s 25 percent stake in Time Warner, expected to cost between $8 and $15 billion. Please note that Parish and Company was the first to clearly explain and document that Time Warner had indeed stuck AOL with $16.2 billion in back taxes. It is o
