Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe
Yahoo News - about 3 years
The world's No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance. The deal resolves outstanding tax assessments for all open years from 2000 to 2013, spokeswoman Julie Duffy said in an email. Last year, Mexico said it had launched a probe of 270 companies for allegedly exploiting loopholes that have led to the loss of potential tax revenue for years. Reuters reported in September that Hasbro, along with household product maker Procter & Gamble Co, were at the heart of the probe.
Article Link: Yahoo News article