On September 1, 2009
Inside Schering’s $437M Tax Fraud: “It Doesn’t Count If It’s in Dutch!”
Schering-Plough lost a $437 million tax case in New Jersey federal court after arguing that it was innocent because documentation from its attempt to hide $839 million in cash from the IRS was written in Dutch. (Schering was using a Dutch investment bank to construct the transaction.)
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