Wyndham Worldwide Corp. is the world's largest provider and franchisor of travel-related products and services. Providing products for businesses and individual consumers alike with brands in lodging franchising, vacation rentals and exchanges and nearly 6900 hotels under 12 spans spanning 50 countries and 6 continents you'd think this company would be doing just fine with their taxes.
Wrong- Wyndham Worldwide Corp just made an a corporate news announcement that they will pay $145 million in its third quarter as part of their tax settlement to the IRS.
So don't feel too bad if you owe. It looks like successful national travel franchisors are feeling the burn from the IRS.
"We are pleased to have resolved this matter," a Wyndham Worldwide Corp. representative writes, "which successfully concludes the IRS audit issues we inherited upon our spin-off from Cendant four years ago."