Monday, January 9, 2017

U.S. Supreme Court rejects Dow over $1 billion tax deduction claim

WASHINGTON, Jan 9 (Reuters) - The U.S. Supreme Court on

Monday declined to hear Dow Chemical Co's bid to revive

its claim to more than $1 billion in tax deductions based on

partnerships the company entered into that lower courts said

were created primarily to avoid tax liability and had no

legitimate business purpose.

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