Symantec faces $832 million transfer pricing tax bill
May 22, 2008
Software corporation goes to court next month in the US
Symantec Corporation, a major international software company, goes to the US Tax Court next month to fight a $832 million tax bill. The bill, which is twice as much as its profits last year, stems from a company it acquired in 2005. Symantec bought Veritas Software Corporation as part of its strategy to broaden its appeal to larger business customers.
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