STAT+: UnitedHealth faces IRS probe over potential tax avoidance

The Internal Revenue Service is currently investigating UnitedHealth Group for potential tax avoidance, having determined that the health care conglomerate underpaid taxes by funneling money through a foreign subsidiary between 2017 and 2020. The IRS is seeking to significantly increase the company's taxable income from these years and may force UnitedHealth to pay additional taxes for subsequent years beyond 2020.

The investigation, which has not been reported by other outlets, began in March and is a rare occurrence, focusing on the complex tax structures used by large corporations to transfer profits. Given UnitedHealth's status as one of the world's five largest companies by revenue, the investigation likely involves significant sums of money.

Brief written by urgent.news from STAT News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.