Don't Panic If Tax Department Raids You: Difference between revisions
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Revision as of 03:03, 2 September 2026
Note: The writer is not a CPA or tax quality. This article is for general information purposes, and will not be construed as tax professional guidance. Readers are strongly asked to consult their tax professional regarding their personal tax situation.
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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The irs contended this evaded taxes by making several inter company transactions to foreign affiliates regarding two of its patents and trademarks on popular drugs it holds. That is known as offshore tax fraud.
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