Wisconsin Banks Reach Settlement On Back Taxes.(Brief Article)

The Wisconsin Department of Revenue said it has reached settlements with 87 banks that owe back taxes to the state, with at least 80 more agreements currently in the works. To date, the settlements stipulate payments totaling $24 million in back taxes. The settlements are part of Wisconsin's crackdown on banks using out-of-state subsidiaries set up as tax-shelters in Nev