February 23rd in News, Tax by Editor .
AstraZeneca forks out £505m to end 15 year transfer pricing dispute
After more than a decade of wrangling with the tax man, the Anglo-Swedish drugs company has caved…
AstraZeneca will pay HMRC £505m to settle the 15 year tax dispute.
The company owes the Government amounts related to transfer pricing – the price at which multinationals sell goods or services from one section to another.
Astra will pay £350m next month and a second installment of £155m in March next year.
The tax claims go as far back as far as 1996.
