NEW YORK— Chairman/CEO of InterActiveCorp Barry Diller has disputed a New York Times report that a pair of the Internet companys travel websites’ profits might be improperly inflated, according to a Reuters report. The Times article stated Hotels.com and Expedia “might be paying less in hotel occupancy taxes than government authorities think is owed,” said the Reuters report. Diller stated while a “limited number” of the companies tax jurisdictions have raised the issue, “there is simply no basis for the supposition that the companies will face liability in all jurisdictions,” according to the report, which added Diller said the company was in “productive discussions” with tax authorities in some jurisdictions to resolve the issue and had disclosed the matter in public filings. Reuters said Diller took issue with the Times regarding the adequacy of the companys public disclosures and defended the use of pro forma results to “clarify and to add information.” SOURCE: Reuters
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