Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

AstraZeneca settles UK tax claim

Share this article

15:12 CET+01:00
Anglo-Swedish drugmaker AstraZeneca reported on Tuesday that it had reached an agreement with the UK tax authority to pay £505 million ($786 million) to settle a long-standing tax dispute.

The firm said in a statement that by agreeing to resolve claims with the HM Revenue & Customs dating between 1996 and 2010, it was able to upgrade its earnings outlook for 2010.

"AstraZeneca has increased its 2010 target for core earnings per share from $5.75-6.15 to $5.90-6.30 per share," the statement said.

AstraZeneca stock rose by one percent on the London Stock Exchange after announcement.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.
Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement