Covidien could be on the hook for nearly $450M in back taxes

July 2, 2013 by Brad Perriello

Covidien could wind up with a nearly $450 million tax tab from its days as Tyco Healthcare, after the IRS nixes some $914 million in interest deductions dating back to the years 1997 through 2000.

Covidien could be on the hook for $384M in back taxes

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