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Indeed, I couldn't help but think the title was clickbait, once I read that part of the article. The charts toward the start suggest the penalty maximums are 1
by mmt 8y ago
Indeed, I couldn't help but think the title was clickbait, once I read that part of the article.
The charts toward the start suggest the penalty maximums are 15% + 25% (the article mentions a 100% penalty which was avoided).
That would make 500k 140% of the back taxes, which means the penalties are only $143k.
Crunchbase shows the first funding in Feb 2012. The accountant started in 2014. That's under $72k/year.
"Lack of CFO costs Amicus $72k/year" wouldn't be much of a headline, though.