Western Union settles Transfer Pricing dispute with the IRS

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Western Union settles Transfer Pricing dispute with the IRS By TII News Service Jan 04, 2012 , New Delhi
THE Western Union Company has entered an agreement with the U.S Internal Revenue Service (IRS) regarding the pending issues of its international operations in 2003. As per the agreement, the Company will make cash payments to the IRS and various state tax authorities of approximately $220 million, which are in addition to a $250 million tax deposit made with the IRS in 2010 connected to the potential liability.

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