Takeda settles tax dispute with irish revenue over break fee received by shire

Osaka, japan--(business wire)--takeda (tse:4502/nyse:tak) today announced that, on october 17, 2023 (ist), it agreed with the irish revenue commissioners (“irish revenue”) to settle a tax assessment related to the treatment of an acquisition break fee received by shire plc (“shire”) in october 2014 from abbvie inc. (“abbvie”), for eur 130 million, resulting in a tax expense reduction of approximately jpy 63 billion for takeda. on november 28, 2018, shire received a tax assessment from the irish.
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