Intuit—Paid $141M settlement for misleadingly advertising 'free' tax services
Intuit agreed to pay $141 million to settle claims that it had misleadingly promised free tax-prep services to over 4 million Americans. The FTC subsequently ordered TurboTax to cease marketing their offering as 'free' unless everyone could use them at no charge. Intuit is appealing that decision.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.664 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (reactive ×0.75)
Evidence (1 signal)
Paid $141M settlement for misleadingly advertising 'free' tax services
Intuit agreed to pay $141 million to settle claims that it had misleadingly promised free tax-prep services to over 4 million Americans. The FTC subsequently ordered TurboTax to cease marketing their offering as 'free' unless everyone could use them at no charge. Intuit is appealing that decision.