“Intuit’s TurboTax has long led the market for digital do-it-yourself tax filing services, but disruptive competition from Credit Karma Tax has brought substantial benefits to American taxpayers,” said Assistant Attorney General Makan Delrahim of the Justice Department’s Antitrust Division. At the same time, the department filed a proposed settlement that, if approved by the court, would resolve the competitive harm alleged in the department’s complaint. District Court for the District of Columbia to block Intuit’s acquisition of Credit Karma. The Justice Department’s Antitrust Division filed a civil antitrust lawsuit today in the U.S. The department said that without this divestiture, the proposed transaction would substantially lessen competition for digital do-it-yourself (DDIY) tax preparation products, which are software programs used by American taxpayers to prepare and file their federal and state returns. in order for Intuit, the creator of TurboTax, to proceed with its $7.1 billion acquisition of Credit Karma. (Credit Karma) to divest Credit Karma’s tax business, Credit Karma Tax, to Square Inc. The Department of Justice announced today that it is requiring Intuit Inc.
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