The parent of Timberland owes the IRS a lump sum of $505 million regarding the transfer of intangibles to a foreign subsidiary, the First Circuit ruled Friday, rejecting the apparel maker’s contention that it could pay the taxes over time.
Timberland Can’t Duck Singular $505M Tax Bill, 1st Circ. Says
by usoftax_admin | Sep 8, 2023 | Tax News