Friday, July 23, 2010

Examiner owner loses $144 million tax ruling

San Francisco Examiner owner Philip Anschutz -- a billionaire with interests in oil, railroads, real estate, sports franchises and movie theaters -- has been ordered to pay $143.8 million after the U.S. Tax court ruled that he owes money on a complicated set of transactions designed to avoid taxes. Bloomberg and the Denver Business Journal have details. Anschutz's spokesman says he will appeal.

1 comment:

Anonymous said...

Other than Dean Singleton, this couldn't have happened to a nicer guy.