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mcgrathdylan
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Blogger
re: Synopsys' profit doubles on IRS settlement
mcgrathdylan   5/19/2011 9:38:16 PM
NO RATINGS
For the record, I reached out to Synopsys to get more info about the tax settlement. The settlement covers a dispute about IRS audits of the company for fiscal years 2006 to 2009. It's not a payment the government made to Synopsys, but a reduction in the company's tax liability which boosted its bottom line.

daleste
User Rank
CEO
re: Synopsys' profit doubles on IRS settlement
daleste   5/19/2011 12:54:55 AM
NO RATINGS
That cool when you can make more on your tax return than on you business. Seems like a bad time for the government to be giving back tax dollars.



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