MCI Inc. will pay $100 million in cash to cover back taxes that its predecessor WorldCom Inc. owed Mississippi, state Attorney General Jim Hood announced Monday. The telecommunications company also will turn over WorldCom's former headquarters building in downtown Jackson to the state as part of the settlement, he said. The $100 million will cover some of the $1 billion in back taxes, including corporate income taxes, owed to the state for the period 1999 to 2002, Hood said.
May 10, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
MCI Inc. will pay $100 million in cash to cover back taxes that its predecessor WorldCom Inc. owed Mississippi, state Attorney General Jim Hood announced Monday.
The telecommunications company also will turn over WorldCom’s former headquarters building in downtown Jackson to the state as part of the settlement, Hood said. The building has not been appraised, he said.
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