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Revision as of 22:13, 6 August 2026
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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The government contended this evaded taxes by making several inter company transactions to foreign affiliates regarding two from the patents and trademarks on popular drugs it holds. That is known as offshore tax fraud.
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According transfer pricing towards contents of her assessment, she was required to pay an extra R32000 (R=South African Rand or currency) on top of what she normally paid during the previous years - give of take a couple of hundreds. After checking her documents, Specialists her if she had earned any extra income different from her teaching and she said No!
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