MedWatch

Amgen to fight USD 10bn tax bill

On the day the firm’s second quarter results are slated for release, Amgen also announces it will contest a double-digit billion-dollar tax bill issued by the US Internal Revenue Service.

Photo: Robert Galbraith/Reuters/Ritzau Scanpix

The US Internal Revenue Service, or IRS, has had its attention fixed on Boston-based biotech firm Amgen. In connection with the firm’s first quarterly report from April, Amgen said it had received a notice from the IRS stating that the firm had to pay USD 5.1bn plus interest in addition to a fine of around USD 2bn for missing tax payments, reports The Wall Street Journal on the day Amgen presents its second quarter report.

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