Teva Agrees $750m Deal To Draw A Line Under Israeli Tax Tussle
Agreement Also Stipulates Further Payment On Certain Dividends, Share Repurchase
Teva enjoyed a favorable tax status for years in its domestic Israel. However, after the firm battled in court against challenges to its historic tax payments, Teva has now agreed a three-quarters-of-a-billion dollar settlement agreement with the Israel Tax Authority.
