Lauderdale v. NFP Retirement, Inc.
NFP knocks back all claims against it, but some charges filed against the plan fiduciary defendants and flexPATH will now go to trial.
Eli Lilly
An Illinois jury said Eli Lilly and Co. must pay $61 million in a whistleblower’s fraud suit alleging that the company made false claims about pricing under Medicaid’s drug rebate program.
Egon Zehnder
Global headhunter Egon Zehnder allegedly cheated the city and the state of New York out of millions under a 10-year tax dodge designed to underreport U.S.-based earnings while ginning up illegitimate losses, according to a recently unsealed tax whistleblower complaint.
ResMed
A major supplier of COVID-19 personal protective equipment to the federal government has settled a $US381 million ($507 million) tax dispute with the Australian Taxation Office.
Bristol-Myers Squibb
Bristol-Myers Squibb to Pay $75 Million to Resolve False Claims Act Allegations of Underpayment of Drug Rebates Owed Through Medicaid
Coca-Cola
Coca-Cola Co. will remain on the hook for the bulk of a $3.4 billion IRS tax bill linked to multinational operations to produce the company’s famous beverages.
CIBC
Canadian Imperial Bank of Commerce said Thursday that it has settled a long-running tax battle with the Canada Revenue Agency over the lender’s attempts to deduct legal settlements tied to its …
Medtronic
On August 16, 2018, the U.S. Court of Appeals for the Eighth Circuit filed its decision of March 14, 2018 (No. 17-1866), in which it vacated the tax court’s order …
Boston Scientific
Boston Scientific (NYSE: BSX) and the U.S. Internal Revenue Service yesterday finalized their settlement of a tax beef dating back to the $26 billion acquisition of Guidant in 2006 …
Western Digital
Western Digital, a Nasdaq-listed Silicon Valley data storage giant, is challenging a $516 million (€449 million) tax bill from US authorities over its alleged use of Irish subsidiaries in its global tax planning.
ExxonMobil
Energy giant ExxonMobil is suing NorthWestern Energy over power outages at its Billings refinery. Exxon claims the outages cost the company millions of dollars.
Chevron
The judgment of Chevron Australia Holdings Pty Ltd (CAHPL) v Commissioner of Taxation [2017] FCAFC 62 was handed down on Friday 21 April 2017. In a win for the ATO, the Full Federal Court unanimously …
McKesson Corporation
The McKesson Case – A Holiday Gift from Justice Boyle of the Tax Court of Canada: Ask and You Shall Receive(able) – Canada’s Latest Transfer Pricing Decision…
Nortel Bankruptcy
The transfer pricing arrangements of defunct telecommunications giant Nortel Networks may dictate how the proceeds from the multinational’s …
Pfizer
Pfizer/Takeda accept $2.15 billion to settle Protonix case.
General Electric
On December 4th, the Tax Court of Canada released its decision in General Electric Capital Canada Inc v The Queen, 2009 TCC 563 [GE Capital], dealing with transfer price …
Roche
Swiss pharma giant Roche faces a $60 million tax adjustment after the first court decision involving Australia’s complex transfer pricing rules, which are designed to ensure multinationals pay their fair share of tax.
GlaxoSmithKline Holdings (Americas) Inc.
WASHINGTON — The Internal Revenue Service announced today that it has successfully resolved a transfer pricing dispute with Glaxo SmithKline Holdings (Americas) Inc. & …