Dorel Gets €46.8 Million Tax Bill in Luxembourg
The parent of Cannondale, Schwinn and other bike brands sees the Luxembourg Administrative Tribunal rule that it has a huge tax liability related to its 2015 reorganization that involves an asset transfer. One of Dorel’s wholly-owned subsidiaries owes €46.8 million ($56.9 mm) in tax plus applicable interest, according to the decision, ... Log in to view full article.
