US Court Rejects Efforts by Schering-Plough to Repatriate $690 Million in Offshore Earnings w/o Paying Taxes
September 2nd, 2009
WASHINGTON - A federal court in Newark, N.J., denied Schering-Plough Corp. a $473 million refund in connection with two transactions in which Schering-Plough sought to avoid taxation on $690 million in profits it repatriated from offshore subsidiaries into the United States.
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