Novo Nordisk battling $3.9 billion TP adjustment on transfer of biopharmaceutical division

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Novo Nordisk battling $3.9 billion TP adjustment on transfer of biopharmaceutical division

June 18 2013
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Denmark’s largest listed company, Novo Nordisk, has been hit with transfer pricing adjustments of DKK 22 billion ($3.95 billion) by the Danish tax authority (SKAT) resulting in an increased tax bill of DKK 5.5 billion.

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