Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Transfer Pricing In A Global Economy, Jin Ulmer, Jack Ethridge, Treba Marsh
Transfer Pricing In A Global Economy, Jin Ulmer, Jack Ethridge, Treba Marsh
Faculty Publications
In September 2006, the Internal Revenue Service and GlaxoSmithKline entered into an agreement to settle transfer pricing disputes covering the years 1989 to 2005. The $5.2 billion agreement, whereby Glaxo paid $3.4 billion in back taxes plus dropped a claim for a $1.8 billion tax refund, was the largest settlement in IRS history.