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Revision as of 16:16, 5 August 2026


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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The internal revenue service contended this evaded taxes by making several inter company transactions to foreign affiliates regarding two of the company's patents and trademarks on popular drugs it access. That is known as offshore tax fraud.

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Defenders in the IRS position would say it comes back to Section 61. The waitress provided a service for me, and I paid for the product. Compensation for services is taxable. End of post.

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