Enron Tax Evasion
February 14, 2003 1:24 PM Subscribe
Three-Volume report on Enron released today
Among the findings: "Enron paid zero federal income taxes from 1996 to 1999, despite reporting $2.3 billion in net income during the period" (from the linked article); executives took "1.4 billion" in compensation packages (SFGate has a piece on that
.); and myriad details about the complicated machinations involved to pull this off (Mercury News
). I am among the outraged though, frankly, I feel like they were just taking advantage of the system as it is was in place. If the economy hadn't tanked, this stuff might never have come out.
posted by amanda (5 comments total)
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