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Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe

MEXICO CITY (Reuters) - The world's No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance.

The deal resolves outstanding tax assessments for all open years from 2000 to 2013, spokeswoman Julie Duffy said in an email.

Last year, Mexico said it had launched a probe of 270 companies for allegedly exploiting tax loopholes that have leaked income out of Mexico for years.

Reuters reported in September that Hasbro along with household product maker Procter & Gamble Co, were at the heart of the probe.

In December, Mexico's tax collection agency SAT said it had reached a deal with a multinational company for a sum equivalent to about 55 percent of its sales in a fiscal year but did not reveal the name of the company.

(Reporting by Alexandra Alper; Editing by Simon Gardner)

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