Gibson Guitar Owes $450k in Unpaid Taxes
In a surprising story, Gibson Guitar has acknowledged today that they have a Federal tax lien of roughly $450,000 regarding 2006-2009 filings which they claim were not properly completed.
Gibson has made a public statement in which they discuss that an independent firm they hired was responsible for creating the tax liens and is no longer working with Gibson. The IRS, on the other hand, says that these arrears are do to possible price rigging allegations, a raid on rare wood stocks, and a downgrading of Gibson's financial rating.
The economy surely has hurt the famed guitar maker, as all luxury brands are having difficulty in a cost conscience marketplace
Gibson plans to pay the tax bill and is in contact with the IRS to iron out their differences. Keep jammin!
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