US Pension Plans Can't Shake $2.8B Denmark Refund Case

By Joseph Boris (January 10, 2019, 8:18 PM EST) -- A group of U.S. pension plans and their representatives can't escape a $2.8 billion tax refund case brought by Denmark's tax authority, a New York federal court has decided.

The U.S. District Court for the Southern District of New York refused to toss a $2.8 billion tax refund case brought by the Danish tax authority against U.S. pension plans and their representatives. (AP) The plans had tried to get the case dismissed under the "revenue rule," a common-law principle that bars U.S. courts from hearing cases from foreign countries enforcing their tax laws. But because the Danish authority's claims, if true,...

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