Executive Jet Conglomerate Sues IRS for $643 Million
January 2, 2012
A conglomerate of executive jet operators is now suing the Internal Revenue Service over what it claims to be $643 million of wrongly applied tax revenue stemming from a ticket tax on commercial airlines. Suit, filed in U.S. District Court in Columbus, Ohio by subsidiary companies of NetJets Inc alleges that the so-called ticket [...]
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