Foreign Shipping Co. Can't Escape US Tax On $3.6M

By Vidya Kauri (March 28, 2017, 7:32 PM EDT) -- A foreign shipping company incorporated in the Marshall Islands failed to get a tax exemption for $3.6 million in the U.S. after the U.S. Tax Court on Tuesday upheld the validity of IRS regulations pertaining to the ownership of foreign corporations' stocks....

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