Western Union signs deal with IRS
December 19, 2011
Jack Grocott TPW
Western Union has announced that it has reached an agreement with the US IRS over the transfer pricing aspects of its restructuring of international operations in 2003.
The agreement will see the cash-transfer company make payments to the IRS and various state tax authorities of about $220 million, which is in addition to a $250 million tax deposit made with the IRS in 2010 connected to the potential liability.
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