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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**
    #1 RE/MAX TEAM IN CANADA***
    #1 RE/MAX TEAM IN THE WORLD***

    OpenText Corp. Clears $830M Tax Fight with the U.S. IRS

    OpenText Corporation announced that it has reached a deal with the U.S. IRS to settle an $830 million U.S. claim linked to its taxable income for 2010 and 2012 financial years. 

    According to the agreement, OpenText will pay $290 million U.S. in federal taxes and interest. 

    OpenText also said that the settlement eliminates about $90 million in future withholding that they were expected to pay back over the next ten years.

    Read more from the News Source HERE