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Symantec hit with $900 Million Tax Bill

The U.S. Internal Revenue Service says that Symantec owes $900 million in back taxes related to its acquisition of Veritas Software. In addition, the IRS claims the company owes additional taxes, plus interest and penalties, for the 2000 and 2001 tax years based on a recent audit. This is just the latest batch of bad news to hit Symantec. The company has seen shares drop almost 30% since the Veritas acquisition last July. Visit Symantec.

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