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Timberland Can't Duck Singular $505M Tax Bill, 1st Circ. Says

By Natalie Olivo ( September 8, 2023, 8:18 PM EDT) -- The parent of Timberland owes the IRS a lump sum of $505 million regarding the transfer of intangibles to a foreign subsidiary, the First Circuit ruled Friday, rejecting the apparel maker's contention that it could pay the taxes over time. . . .

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