AbbVie brings 'precautionary' High Court action against Revenue

Pharmaceutical giant AbbVie has brought a 'precautionary' High Court action against the Revenue arising from a €587m tax bill.

Pharmaceutical giant AbbVie has brought a “precautionary” High Court action against the Revenue arising from a €587 million tax bill served on it after it acquired Allergan.

The €587m was reduced to zero liability on appeal to a Tax Appeals Commissioner (TAC).