CINCINNATI — Kroger Co. here took millions of dollars in deductions through what was revealed to be a bogus tax shelter, federal authorities said. According to U.S. Department of Justice, Kroger claimed more than $178 million in loss deductions between 2002 and 2004 through a tax shelter known as the Sale Leaseback of Tenant Improvements Strategy (SLOTS), causing more than $64 million in tax losses to the Internal Revenue Service. Kroger was not aware of the scheme, according to federal ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.