Healthcare giant Baxter International Inc. is setting aside reserves for a potential tax adjustment from the IRS over intercompany dealings with its overseas manufacturers, the company reported in a quarterly filing.
The company is currently under IRS examination for its transfer pricing of transactions with its manufacturers in Costa Rica and Puerto Rico for the 2019 and 2020 tax years, the Tuesday filing to the Securities and Exchange Commission said.
While it hasn’t gotten an official notice of proposed adjustment from the agency, Baxter is recording reserves for 2019-2025 for uncertain tax positions that “in aggregate are recorded to expense ...
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