Walgreens Boots Alliance Hit With IRS $2.7 Billion Tax Claim (1)

The IRS is seeking $2.7 billion in unpaid taxes from Walgreens Boots Alliance due to alleged issues over transfer pricing, after several years of audits, the company reported in recent filings.

The agency issued a Revenue Agent’s Report last quarter, saying it had audited the company’s 2014 to 2017 tax years. The agency found issues related to transfer pricing—prices charged between units within companies— and is seeking an additional $2.7 billion plus penalties and interest.

Walgreens Boots Alliance, which owns two major retail pharmacy chains—Walgreens in the US and Boots in the UK—said it disagrees with the report ...