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Taxation & Estate Planning

: TaxProf Blog

Glaxo Battles IRS in $1.9 Billion Earnings Stripping Case

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Wall Street Journal: GlaxoSmithKline, IRS Tangle in Tax Court, by Jesse Drucker: GlaxoSmithKline PLC is embroiled in a potential $1.9 billion court battle with the Internal Revenue Service, which says the drug maker owes back taxes, interest and penalties stemming from tax deductions Glaxo generated essentially by making payments to...

Full post as published by TaxProf Blog on May 22, 2009 (boomark / email).

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