Ford against IRS Services ...

In a dispute between Ford and the IRS (U.S. treasury services), justice delivered its verdict in favour of administration. The automotive manufacturer has lost in this conflict no less than $ 445 million.


The case goes back to many years. Indeed, In the late 90s, Ford is accused by the IRS for not having paid all his taxes over a period from 1983 to 1994. Anxious to quickly process the case to avoid additional interests, Ford therefore acquitted the amounts claimed, including interest.

Some time later, the US Tax Services realize that Ford has paid too much, and give back a part of the money. But meanwhile, the money deposited on a sequestrated account has grown thanks to interests... Not exactly a trifle for them, since the amount of interest that the administration has maintained, amounted to 445 million.

Then, Ford wants to recover the interests in question, based on a law on firms in this direction. But then, the IRS's lawyers have put forward a detailed unstoppable: the law applies between two companies, but not between the federal government and a company ... ! Too Bad for Ford who would need some cash in this critical period.