IRS Says Campbell Could Owe $79 Million
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From Bloomberg News
Campbell Soup Co. was told by the Internal Revenue Service that the company may be liable for $79 million in back taxes and interest.
The notice challenges Campbell’s treatment of gains and interest deductions on government securities, the company said in a filing with the U.S. Securities and Exchange Commission.
Campbell Soup shares rose 24 cents to $23.70 on the NYSE.
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