Brand new Company off Justice established today that it’s demanding Intuit Inc. and you will Credit Karma Inc. (Borrowing Karma) in order to divest Borrowing from the bank Karma’s income tax business, Borrowing from the bank Karma Taxation, so you’re able to Square Inc. so as that Intuit, the newest author out of TurboTax, in order to proceed having its $seven.step one million purchase of Borrowing Karma. The latest agency mentioned that in the place of this divestiture, new proposed exchange would substantially protect against race to have electronic manage-it-your self (DDIY) taxation preparation facts, which can be programs utilized by American taxpayers to set up and you may file the state and federal output.
