Facing tax reassessment, Yum vows to fight

LOUISVILLE, Ky. Yum! Brands Inc. might have to make a "material" additional tax payment because of a dispute with the Internal Revenue Service over the way transfers within the restaurant franchisor's foreign subsidiaries were accounted, the company said in a securities filing.

Yum, the parent of Taco Bell, KFC and Pizza Hut, said it would “vigorously” contest any tax adjustments demanded by the IRS.

Earlier this year, Yum said in Friday's

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