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Fed. Circ. Denies BB&T $500M In Foreign Tax Credits

By Eric Kroh (May 14, 2015, 4:05 PM EDT) -- The Federal Circuit on Thursday upheld the denial of nearly $500 million in foreign tax credits claimed by BB&T Corp. for a transaction it entered into with Barclays Bank PLC, finding the transaction lacked economic substance and must be ignored for tax purposes....

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