Updated Nov. 2, 2023 2:52 pm ET
The Internal Revenue Service won a $109 million victory in federal court this week that will help the tax agency combat aggressive corporate tax maneuvers and collect more money from other companies.
The IRS defeated telecommunications company Liberty Global, which used a maneuver it dubbed “Project Soy” to exploit a gap in the 2017 tax law and was seeking a refund.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8