Glaxo pays $3.1bn to settle tax dispute

Pharmaceuticals giant GlaxoSmithKline today said it is to pay a net $3.1bn (€2.4bn) to settle a tax dispute with the US government.

Glaxo pays $3.1bn to settle tax dispute
Mon, 11 Sep, 2006 - 18:05

Pharmaceuticals giant GlaxoSmithKline today said it is to pay a net $3.1bn (€2.4bn) to settle a tax dispute with the US government.

The settlement covers a dispute with the US Internal Revenue Service for the period 1989 – 2000 which was due to go to trial in February next year, and also the period 2001-2005.

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CourtsBusinessHeathrowOrganisation: GlaxoOrganisation: GlaxosmithklineOrganisation: US governmentOrganisation: US Internal Revenue ServiceOrganisation: GSK
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