Merck & Co. Inc. is not entitled to a refund of $473 million in taxes paid when a tax-avoidance strategy failed, a federal appeals court held on Monday.
The taxes were paid by Schering-Plough Corp., which Merck acquired in 2009, on funds transferred to it from two foreign subsidiaries under an arrangement the court found was a loan designed to look like a sale of future income.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
