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5th Circ. Denies Exxon $1B Tax Refund On Foreign Oil Deals

By Theresa Schliep (August 3, 2022, 4:25 PM EDT) -- The Fifth Circuit on Wednesday rejected Exxon Mobil's bid for a $1 billion tax refund for its oil-and-gas agreements with Qatar and Malaysia, finding they count as leases and not sales since both countries maintained an interest in the extracted fuels....

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