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A U.S. tax court judge rules against H-P (HPQ) in its efforts to retrieve $190M in tax refunds...

A U.S. tax court judge rules against H-P (HPQ) in its efforts to retrieve $190M in tax refunds related to a Dutch tax shelter set up by AIG's derivatives arm. H-P had sued the IRS in 2009 for the refunds, which relate to a complex attempt to create capital losses and foreign tax credits that could be used to lower U.S. tax payments.
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  • cash
    , contributor
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    This is what AIG does - and Uncle Sam runs in to bail them out. If you or I miss reporting a measly dividend or interest, IRS swoops in sending us compliance letters.
    15 May 2012, 02:18 PM Reply Like
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