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Article Date: January 2021
Word Count: 103

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.


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