Hewlett-Packard’s court defeat is bad news for US banks

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Hewlett-Packard’s court defeat is bad news for US banks

Joe Dalton
May 16 2012
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The US Tax Court has denied Hewlett-Packard the right to US tax deductions claimed as part of a scheme involving artificial generation of foreign tax credits. The judgment does not bode well for several banks involved in similar disputes.

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