Supreme Court rejects Dow over $1 billion tax deduction claim

WASHINGTON (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.

Supreme Court rejects Dow over $1 billion tax deduction claim
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