Unpaid taxes amount to 'cheap loan' (Deseret Morning News)

Story date: 2008-02-03 11:24:27
Added on: 2008-02-04 00:00:15

In 2005 as Delta Air Lines was in bankruptcy, it obtained a $3.9 million "loan" from Salt Lake County taxpayers. No application was needed. No payments were required for years. Its interest rate was 10.25 percent, relatively low for an entity in bankruptcy.


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