Western Digital: has accused the Internal Revenue Service of wrongly disallowing its methods used for allocating losses and foreign tax credits in 2008 and 2009.

Western Digital, a Nasdaq-listed Silicon Valley data storage giant, is challenging a $516 million (€449 million) tax bill from US authorities over its(...)

The IRS case involved transfer pricing, which arises when different units of multinationals transact with each other

Amazon. com has won a tax dispute with the US Internal Revenue Service (IRS), involving more than $1.5 billion (€1.39 billion), in relation to the tra(...)

A man walks next to a Bank of America branch in New York. Photograph: Reuters/Eduardo Munoz

Bank of America suffered a setback on its road to recovery as revenue in key divisions declined and earnings missed expectations, sparking a se(...)