Open Text reaches deal with IRS to settle US$830-million claim

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OpenText will pay US$290 million to the IRS in U.S. federal taxes and interest

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Under the agreement, Open Text will pay US$290-million to the IRS in U.S. federal taxes and interest. In connection with the settlement, Open Text says it also expects to make certain associated state tax and interest payments of US$10-million to US$15-million in the 2021 calendar year.

 

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