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Interest Payments › Internal Revenue Service › Economic Substance Doctrine

Fenwick & West LLP

Exxon Mobil Case is an Early Taxpayer Win in the Economic Substance Controversy

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Recently, in Exxon Mobil Corp. v. United States (No. 3:22-cv-00515), a District Court in Texas ruled that the taxpayer was entitled to interest deductions on a production loan entered into as part of a multibillion-dollar...more

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