IRS Probes UnitedHealth Tax Avoidance for 2017-2020 Through Foreign Subsidiary
Updated
Updated · STAT · Aug 17
IRS Probes UnitedHealth Tax Avoidance for 2017-2020 Through Foreign Subsidiary
1 articles · Updated · STAT · Aug 17
Summary
March IRS notices told UnitedHealth the agency wants to significantly increase the company’s taxable income for 2017 through 2020 after an initial probe found underpaid taxes.
A recent regulatory filing said the issue centers on money funneled through a foreign subsidiary, and the IRS could also seek additional payments for years after 2020.
These transfer-pricing style audits are exceedingly rare and examine how large companies shift profits within their own corporate structures.
UnitedHealth’s scale—one of the world’s five largest companies by revenue—suggests the tax dispute could involve substantial sums.