Merck to pay $2.3B in IRS dispute [$2.3 billion]

antigop

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Wed Feb-14-07 03:00 PM
Original message

Merck to pay $2.3B in IRS dispute [$2.3 billion]

Edited on Wed Feb-14-07 03:10 PM by antigop

http://new.quote.com/stocks/story.action?id=XFN045h3102

>>
Merck & Co. Inc. agreed Wednesday to pay $2.3 billion to resolve several tax disputes, the Internal Revenue Service said.

The drug company's payment includes taxes, interest and penalties stemming from the disputes, which cover the tax years 1993-2001, the IRS said. The IRS said the disputes arose in part from Merck's use of minority equity interest financing transactions.
>>

Hmmmmmm.......

<edit> link to AP source:
http://biz.yahoo.com/ap/070214/merck_irs.html?.v=4

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