Explore 4 court opinions on Foreign Tax Credits. AI-powered plain English summaries, key holdings, and legal analysis.
4 recent cases analyzed in this topic area.
Eighth Circuit Affirms Tax Court on Foreign Tax Creditability for 3M
3M Company v. Commissioner of Internal Revenue, decided by Eighth Circuit on October 1, 2025, resulted in a defendant win outcome. The Eighth Circuit affirmed the Tax Court's decision regarding 3M Com...
CAFC Affirms Tax Court Ruling on Royalty Payment Deductibility
Valeo North America, Inc. v. United States, decided by Federal Circuit on August 12, 2025, resulted in a defendant win outcome. The case concerns the tax treatment of certain payments made by Valeo No...
Fourth Circuit: Bank of America's 'all-in' NOL calculation upheld for tax purposes
Bank of America Corporation v. United States, decided by Fourth Circuit on July 29, 2025, resulted in a defendant win outcome. The Fourth Circuit affirmed the district court's decision, holding that B...
Federal Circuit Affirms IRS Disallowance of Foreign Tax Credits for Target
Target Corporation v. United States, decided by Federal Circuit on April 21, 2025, resulted in a defendant win outcome. The case concerns the tax treatment of foreign tax credits claimed by Target Cor...