Tax,
Securities
Oct. 25, 2022
Mattel to pay $3.5M SEC fine over tax misstatements
The SEC said that Mattel “violated numerous professional standards” and overstated its tax expenses, misreporting quarterly losses in the process.
Mattel Inc. agreed to pay a $3.5 million fine for tax misstatements in two quarters of 2017, the U.S. Securities and Exchange Commission said. The government claimed that the toy company had understated its tax valuation by $109 million.
The SEC said in a Friday news release that Mattel “violated numerous professional standards” and overstated its tax expenses, misreporting quarterly losses in the process. The company was fined after an in...
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