Baker Hughes, Incorporated v. USA

  1. November 21, 2019

    5th Circ. Declines to Revive Baker Hughes' Deduction Bid

    The Fifth Circuit on Thursday declined to revive Texas oil company Baker Hughes' claim for a tax deduction on $52 million it gave to a Russian subsidiary facing liquidation, finding the cash wasn't bad debt but instead a capital contribution.

  2. September 06, 2019

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

    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 during oral arguments.

  3. March 01, 2019

    Baker Hughes Says Bad Debt Is Good For $17.6M Tax Refund

    Texas oil company Baker Hughes asked the Fifth Circuit on Thursday to revive its bid for a $17.6 million tax refund, arguing that cash given to a Russian subsidiary facing liquidation was bad debt and therefore entitled to a deduction.

  4. January 28, 2019

    Baker Hughes Can't Claim $17.6M Tax Refund, 5th Circ. Told

    The U.S. government has asked the Fifth Circuit not to revive Baker Hughes Inc.'s bid for a $17.6 million tax refund, saying the Texas oil company wasn't entitled to a deduction for cash given to a Russian subsidiary.

  5. November 29, 2018

    Baker Hughes Asks 5th Circ. For $17.6M Tax Refund

    Oil field service company Baker Hughes Inc. told the Fifth Circuit to grant it a tax refund of more than $17.6 million, because free financial aid payments given to a Russian subsidiary were proper deductions as bad debt or ordinary, necessary business expenses.