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Court rejects $1B in 'phony tax deductions' by Dow

2013-02-28 03:49:12| Chemicals - Topix.net

A federal court in Louisiana is rejecting transactions by The Dow Chemical Co. that created $1 billion in what the U.S. Justice Department calls "phony tax deductions." Justice said Wednesday that the tax-reduction scheme was created by Goldman Sachs and the law firm of King & Spalding.

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