September 5 news, the world's largest personal computer maker Hewlett-Packard Company disclosed in a regulatory document, companies received a huge tax arrears and fines, the company will thus bringing the total loss of 660 million U.S. dollars.
Hewlett-Packard said that the U.S. Internal Revenue Service (US Internal Revenue Service, IRS) in the July 30 opening out of a pay an overdue tax notice, saying that Hewlett-Packard in 2004 and 2005 taxes 92 million U.S. dollars, plus five million U.S. dollars in fines. It is reported that the U.S. Internal Revenue Service began in 2007, HP launched audit of the accounts came from a survey of the above-mentioned conclusions.
Hewlett-Packard said that if the appeal before, IRS has determined the results of this review and maintain the same punishment decision, then the Hewlett-Packard in the next few years, 563 million U.S. dollars in tax breaks will cease to exist, coupled with the need in back taxes and fines, Hewlett-Packard in the IRS investigation will be a total loss of 660 million U.S. dollars.
U.S. Securities and Exchange Commission quarterly regulatory information is also displayed simultaneously, IRS has already begun to pay tax on the Hewlett-Packard in 2007 project audits, Hewlett-Packard also said, IRS is also the result of other supervisory information in the annual review.
In the second quarter of this year, Hewlett-Packard profit of 16.4 billion U.S. dollars. For the tax penalties, will the HP spokesman declined comment.
