Takeda Agrees To €130M Tax Settlement With Irish Revenue Commissioners Over Break Fee Received By Shire
Portfolio Pulse from Benzinga Newsdesk
Takeda has agreed to a €130M tax settlement with the Irish Revenue Commissioners over a break fee received by Shire. The company will reverse its current tax provision in excess of the settlement amount and record approximately JPY 63 billion tax expense reduction in the consolidated financial statements for the quarter period ended September 30, 2023. This will not impact Takeda's core financial results as it is a non-recurring item unrelated to ongoing operations.

October 18, 2023 | 6:54 am
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Takeda's settlement of a €130M tax dispute with the Irish Revenue Commissioners will not impact its core financial results. The settlement is a non-recurring item unrelated to ongoing operations.
The settlement is a significant financial event for Takeda, but it is a non-recurring item and will not impact the company's core financial results. Therefore, it is unlikely to have a significant impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100