Income Nixes Exxon's 'Final Loss' Deduction, Court Says

By David Hansen · May 13, 2024, 6:27 PM EDT

Exxon's Norwegian operation cannot deduct 900 million krone ($83.2 million) from its fiscal year 2012 taxable income that it spent liquidating an Exxon subsidiary in Denmark, a European court ruled Monday....

To view the full article, register now.