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31 Aug

Judge rejects Schering-Plough tax refund request (AP)

Posted in business on 31.08.09

AP – A federal court in Newark, N.J. has rejected Schering-Plough Corp.’s request for a $473 million tax refund related to the drugmaker’s efforts to avoid paying taxes on $690 million in overseas profits it brought back to the U.S. from offshore subsidiaries.

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