UnitedHealth Group is contesting an Internal Revenue Service proposal to significantly increase its taxable income over how it priced transactions with one of its foreign subsidiaries. The notices cover transactions between UnitedHealth and a foreign subsidiary from the 2017 through 2020 tax years, and the IRS could seek similar adjustments for later years. UnitedHealth said it believes its tax positions are properly supported and plans to vigorously contest the proposed adjustments. The dispute is part of a broader IRS push to scrutinize transfer pricing by U.S. multinationals, with similar battles involving Coca-Cola, Meta, and Medtronic. Neither UnitedHealth nor the IRS has disclosed the subsidiary's identity, the transactions at issue, or the dollar amount sought.
Coca-Cola Europacific Partners PLC
The Coca-Cola CompanyUnitedHealth Group IncorporatedIRS proposes to increase taxable income over transfer pricing; UnitedHealth contests.
Medtronic PLC
Meta Platforms Inc.