Y2K (Year 2000) Stocks: An Investment Discussion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Josef Svejk who wrote (8295)	12/11/1997 10:31:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 13949

Looks like 80% of all US corporations won't be paying taxes for the next 28 years or so... ========== Taxman puts damper on windowing date fix The US Internal Revenue Service is expected to announce that it will not accept data from firms using "windowing" as a solution to the year 2000 problem. Windowing buys a firm time by converting a two-digit date xx to 20xx if it falls below a certain number. If the Internal Revenue Service decision goes ahead, it could affect UK companies using the technique. Roy Massingale, year 2000 sponsor for the Inland Revenue, knew nothing about the decision but would "look seriously" at anything it decided. He said the Inland Revenue was using windowing itself and did not expect to change its methods. "We have worked very carefully around this and are convinced it will work. In fact we have completed about 30% of our year 2000 conversion work." He said for many UK firms, he believed windowing was acceptable when dealing with the Inland Revenue. Source: computerweekly.co.uk ========== - Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next