CompaniesYahoo quells investor fears over tax payment

May 20, 2015 4:27 AM

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Yahoo has sought to calm investors after fears that the internet company could be forced to pay tax on the spin-off of its Alibaba stake sent shares down almost 8 per cent.

In a statement late on Tuesday night, a Yahoo spokeswoman said it understood that any potential change to the US Internal Revenue Service's spin off rules would not affect ruling requests that had already been filed, writes the FT's Hannah Kuchler in San Francisco.

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