Mexican Media Brands
Ford Loses Final Appeal on IRS Tax Refund Claim
Ford Motor Co. has lost a U.S. Supreme Court appeal of its claim that the Internal Revenue Service owes the company $470 million in interest on tax overpayments dating back more than 30 years.
#economics
Share
Ford Motor Co. has lost a U.S. Supreme Court appeal of its claim that the Internal Revenue Service owes the company $470 million in interest on tax overpayments dating back more than 30 years.
The court allowed to stand a 2014 U.S. appellate court ruling that rejected Ford's argument. The company claimed the IRS should pay interest on excess taxes Ford paid in 1983-1980 and 1992-1994.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.