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IRS
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Latest Headlines
Schering Plough $473M IRS ruling holds
The U.S. Court of Appeals in Philadelphia has upheld an IRS ruling against Schering Plough, which leaves Merck with a $473 million IRS bill. The case stemmed from an interest rate swap with two of
Merck inks $2.3 billion deal with IRS
Drugmakers don't just worry about drugs. Nor do they limit their concern to their employees to discover, made, sell and defend those drugs in court. They have to manage their cash, too. And if some
Glaxo, IRS face off over $1.9B loophole
The taxman cometh for GlaxoSmithKline. Like the Grim Reaper, the Internal Revenue Service has shown up at the drugmaker's door, demanding back taxes, interest and penalties. The total? As much as
