secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001585364-23-000051
Event type: regulatory
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo resolves $843M IRS tax dispute; no payment required
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- IRS fully withdraws proposed $843M in tax adjustments and penalties for Athena's 2011-2013 tax years.
- US Competent Authority closes case; Perrigo owes nothing on the Tysabri royalty transfer pricing issue.
- Perrigo to release previously established reserves in Q2 FY2023, boosting earnings.
- Resolution ends multi-year MAP process under U.S.-Ireland tax treaty.
- Company says any prior uncertainty on Tysabri royalty tax treatment is now completely resolved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000051/0001585364-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536423000051/prgo-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001585364-23-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer