BB&T loses STARS case but ruling clouds legitimate tax planning rights in US

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BB&T loses STARS case but ruling clouds legitimate tax planning rights in US

Joe Dalton
September 25 2013
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US bank BB&T is considering appealing Friday’s Court of Federal Claims defeat, despite the case judge describing its tax credit generator scheme with Barclays as an economically meaningless tax shelter. While some advisers and academics say the decision is unhelpful for taxpayers undertaking legitimate tax planning.

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