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Whirlpool Challenges $50M Hike To Nondeferrable Income

By Bryan Koenig (June 29, 2017, 5:16 PM EDT) -- Whirlpool has filed two U.S. Tax Court petitions contesting an IRS decision to tack on $50 million to a kind of foreign income that cannot be used to defer U.S. income tax liabilities, a decision the appliance maker says cut into some of the deductions it claims from prior years....

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