Vidya Kauri

General Electric Co. blasted the U.S. government Monday in a $658 million tax refund lawsuit, saying the government's attempts to obtain information on thousands of documents related to a subsidiary insurer's sell-off that GE considers privileged are too late considering the deadline for document discovery is Tuesday.

General Electric Co. blasted the U.S. government Monday in a $658 million tax refund lawsuit, saying the government's attempts to obtain information on thousands of documents related to a subsidiary insurer's sell-off that GE considers privileged are too late considering the deadline for document discovery is Tuesday.

Boston Scientific Corp. has agreed to pay $275 million to the Internal Revenue Service to resolve transfer pricing issues in a $3.5 billion dispute before the U.S. Tax Court, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Pass-through businesses like S-corps and partnerships that are bidding for federal contracts will need to be extra cautious about ensuring individual executives and shareholders pay outstanding tax liabilities now that the federal government has finalized rules barring tax cheats and convicted felons from such awards.

Dunkin' Donuts' parent company urged the Second Circuit on Friday to affirm a lower court's dismissal of a putative class action alleging that the chain illegally charged sales tax, saying that the complainants can only take up their dispute with New York tax authorities.

The Internal Revenue Service reaffirmed its commitment to being transparent to the public in an internal memo published on its website.