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As if Merck needed more controversy. It seems that they now have a potential tax problem with the US and Canada for $5.58 billion dollars.

Merck has tax disputes in U.S. and Canada with $5.58 billion potential liabilities - iht,business,US Merck Tax Disputes - Business - International Herald Tribune

While I’m not a tax expert at all, I find this interesting since GlaxoSmithKline also has had some tax problems. I’m not sure why these are coming to the fore now but they seem to have to do with how revenues are recognized.

Merck’s CEO seems totally unconcerned by this and said he doesn’t lose any sleep over it. While, I’m not saying he should lose sleep, I think it should be at least somewhat seriously. Underestimating anyone is a common problem in warfare and in business.

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