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Cancompany Loses Appeal On $6 5 Million Tax Return Case
In New York a federal appeals court upheld a lower court ruling denying the American Can Company and three subsidiaries a refund of 3,902,986 dollars for 1917 taxes. The decision keeps about 6.5 million dollars in dispute, with interest to bring the total to that amount. The company had argued tax basis disputes over tin plate purchases and 1917 sales figures.
MENTIONED IN THIS ARTICLE
Associated Press
New York
United States Circuit Court of Appeals
United States Treasury
Henry W. Goddard
American Can Company
Missouri Can Company
American Company of
Massachusetts
American Can Company of
Utah
Collector of
Internal Revenue
Frank F. Bowers