Comment on Oil service company pays $140M to settle tax fraud charges

Oil service company pays $140M to settle tax fraud charges

A Swiss oil services company that used deceptive tax accounting to wrongly inflate its profits by $900 million over five years agreed Tuesday to pay a $140 million penalty to settle civil charges brought over the matter. Weatherford International lowered its tax bill by $100 million to $140 million a year from 2007 to 2012...

 

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