Nike Fighting $223M Tax Bill Over Foreign Tax Credits

By Jimmy Hoover (August 12, 2016, 5:48 PM EDT) -- Nike Inc. is challenging a nearly $223 million tax deficiency notice stemming from the IRS' decision to reject the way the athletic apparel giant distributed foreign tax credits among its overseas subsidiaries, explaining to the U.S. Tax Court in a new petition that the company abided by all applicable laws....

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