ATO’s assessments for Mylan’s $1.4B Alphapharm acquisition ‘excessive’, court rules

Tax 2024-03-21 5:08 pm | Sydney
The Australian unit of drug giant Mylan has triumphed in a dispute with Australian Taxation Office, with a judge finding the ATO’s assessment for 2020 was “excessive” with respect to interest on loans to fund Mylan’s $1.2 billion acquisition of generic drug maker Alphapharm.
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