The US Supreme Court docket’s immigration ruling extending a voluntary departure deadline has no impact on Liberty World Inc.’s enchantment to revive the corporate’s international tax credit score claims, the US advised an appeals court docket on Monday.
Liberty World argued earlier than the US Court docket of Appeals for the Tenth Circuit in March {that a} $2.3 billion portion of its beneficial properties from a Japanese affiliate’s inventory sale ought to be thought-about foreign-source earnings, thereby supporting the corporate’s $241 million credit score. The telecommunications firm advised the Tenth Circuit that quantities in extra of what it wanted to recapture its overall foreign loss shouldn’t be included …
