March 26, 2018
Ingersoll-Rand Co. hit back at the IRS' efforts to quash its $25 million foreign tax credit refund lawsuit Friday in North Carolina federal court, claiming the U.S. Congress expressly declined to void the credits, even when it would create a double benefit.
March 05, 2018
The U.S. government on Friday hit back against Ingersoll-Rand Co.'s suit accusing the Internal Revenue Service of wrongly disallowing a $25 million credit for Swiss taxes paid by a foreign subsidiary, telling a North Carolina federal judge that the company is trying to "double its benefit."
February 12, 2018
Ingersoll-Rand Co. has asked a North Carolina federal court to grant it summary judgment in a suit against the IRS, alleging that the agency wrongfully disallowed $25 million in credits for Swiss taxes paid by a foreign subsidiary.
June 06, 2016
The Internal Revenue Service wrongly disallowed a $25 million credit for taxes paid long ago in Switzerland by a subsidiary of Ingersoll-Rand Co., the parent company claims in a federal lawsuit filed Friday in North Carolina.