Cardinal Health projects nearly $1B tax benefit due to opioid settlements

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Cardinal Health Inc. is projecting a nearly $1 billion tax benefit over the coming year because of a proposed $6.6 billion settlement on opioid litigation.

The size of the refund the Dublin healthcare distributor will seek from the IRS is increased because of a provision in the federal Cares Act for coronavirus pandemic relief, the company said in reporting second-quarter earnings. 

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