Vanguard, Facing Whistle-Blower Cases, Agrees to Pay Texas Taxes

  • Fund firm didn't charge itself enough for advising: ex-lawyer
  • Claim of underpaid taxes also made to IRS, SEC and California

Vanguard Group Inc. has reached an agreement to pay several million dollars in back taxes in Texas, the first known payout related to a whistle-blower’s accusation that the world’s biggest mutual-fund company underpaid its taxes by tens of billions of dollars.

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