HMRC Settles $1B General Electric Tax Fraud Lawsuit

By Christopher Crosby (September 15, 2021, 3:30 PM BST) -- Britain's tax collector has settled its fraud case against General Electric in connection with the U.S. conglomerate's overseas investments, months after winning permission to challenge findings that its lawsuit had been brought too late before the country's highest court.

HMRC has agreed to drop its lawsuit over claims that General Electric defrauded it by failing to hand over information during discussions about a multimillion-dollar investment. (iStock) HM Revenue & Customs has agreed to drop its lawsuit over claims that GE defrauded the agency by failing to hand over all the information it possessed during discussions about a multimillion-dollar Australian investment in 2005....

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