1. HBW Insight
  2. >>Wellness
  3. >>Business

With Irish Tax Assessment Upheld, Perrigo Plumbs US-Ireland Pact To Lower Debt

 
• By Malcolm Spicer

With both Ireland and US imposing tax assessments on same revenues – sales by Elan – tax agency officials from the countries will, at the request of Perrigo, negotiate whether both or one will demand payment and whether the amount will be lowered.

Perrigo Company PLC is confident the amount of back taxes it owes both Ireland and the US linked to its 2013 acquisition of Elan Corp. will be lowered under the countries’ agreement on resolving tax disputes if the Irish tax agency’s order to pay a nearly $2b levy there isn’t dismissed first.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on HBW Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Business

More from Wellness

US Consumer Health Market People News: Kemin Loses Founder, BASF Corp. CEO, Bucked Up Rep

 
• By Malcolm Spicer

Kemin Industries founder, human and animal health care innovator RW Nelson dies; Heather Remley moves from BASF’s Global Engineering to North America business helm; and golfer Bryson DeChambeau links up with Bucked Up.

Givaudan Has UTI Health Claim Turned Down In EU

 
• By Tom Gallen

European Food Safety Authority finds no cause and effect relationship between Givaudan's Pacran supplement and defense against urinary tract infections.

‘The Only Certainty Is Uncertainty’ In The UK’s Consumer Health Market

 
• By David Ridley

While uncertainty might reign in the UK consumer health market - which grew by by 8% to £4.1bn ($5.3bn) in 2024 - “opportunity is everywhere” according to NielsenIQ health and beauty insights manager Alex Heffernan.