Transfer Pricing In A Global Economy

  • Ulmer J
  • Ethridge J
  • Marsh T
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Abstract

In September 2006, the Internal Revenue Service and GlaxoSmithKline entered into an agreement to settle transfer pricing disputes covering the years 1989 to 2005. The $5.2 billion agreement, whereby Glaxo paid $3.4 billion in back taxes plus dropped a claim for a $1.8 billion tax refund, was the largest settlement in IRS history. 1

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Ulmer, J., Ethridge, J., & Marsh, T. (2013). Transfer Pricing In A Global Economy. Journal of Business Case Studies (JBCS), 9(5), 359–366. https://doi.org/10.19030/jbcs.v9i5.8060

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