Baker Hughes Tells 5th Circ. $52M Contribution Is Deductible

By David Hansen · September 6, 2019, 7:13 PM EDT

Baker Hughes' $52 million cash contribution to its Russian subsidiary to prevent liquidation by the Russian government was a necessary expense that should be tax-deductible, the company told the Fifth Circuit...

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Case Information

Case Title

Baker Hughes, Incorporated v. USA

Case Number

18-20585

Court

Appellate - 5th Circuit

Nature of Suit

2870 Tax Suits (Tax from DC)

Date Filed

August 21, 2018