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HI: Billionaire’s company owes $333,824 in back taxes

By   /   June 21, 2012  /   No Comments

By Jim Dooley | Hawaii Reporter

Larry Ellison, Oracle's CEO

HONOLULU — Larry Ellison’s Oracle Corp. owes the state of Hawaii $333,824 in back taxes, according to a lien filed against the company.

The lien asserts that the California-based software and technology giant failed to pay $180,566 in state general excise taxes in 2003, $63,450 in 2004, and $89,824 in 2005.

The lien is filed against the company and not against chief executive Ellison, who is in the process of buying the island of Lanai in Maui County.

Mallory Fujitani, public information officer for the Tax Department, declined comment on the reason for the lien or whether it is still in force.

Read the complete story at HawaiiReporter.com

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