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Irish $1.9bn Tax Bill 'Out Of Nowhere' Perplexes Perrigo, Troubles Analysts

 
• By Malcolm Spicer

Perrigo appeals tax assessment Ireland levied in late December on Rx ingredient royalty rights firm gained when it became incorporated in Dublin but no longer owns, Analysts allowed President and CEO Murray Kessler. benefit of doubt he'll lead Perrigo out of prolonged slump when he joined firm in November after extensive executive experience with tobacco firms and in other consumer goods markets, but they're more circumspect about its chances of prevailing in Irish tax disagreement.

Ireland Flag - Vector

Murray Kessler knew he had a lot to learn about the consumer health market and about ending Perrigo Co. PLC's earnings slump when he took the helm in November. But his steepest learning curve came in a problem he didn't anticipate and that analysts aren't confident the firm will resolve.

A €1.6bn ($1.9bn) tax assessment Ireland levied against Perrigo in late December "came out of nowhere," said Kessler at the...

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