January 19, 2022
Tobacco giant Altria won a $9.3 million tax refund from the Internal Revenue Service on Wednesday, with a Virginia federal judge ruling that a portion of a settlement paid to the state of Oregon could be deducted.
December 12, 2019
Damages paid to Oregon as part of a legal settlement are not fines but deductible business expenses, entitling Altria to a $9.3 million tax refund denied by the Internal Revenue Service, the Virginia tobacco giant has told a federal court.