Dow Chemical has a very bad taste in its mouth. You would too if a federal judge had just slapped down your $1 Billion in tax deductions and imposed a 20% penalty to boot. The penalty was basically for not being reasonable, for snapping up a deal that was plainly "too good to be true." Sure, there were big time tax advisers here and fancy documents.
Dow Chemical has a very bad taste in its mouth. You would too if a federal judge had just slapped down your $1 Billion in tax deductions and imposed a 20% penalty to boot. The penalty was basically for not being reasonable, for snapping up a deal that was plainly "too good to be true." Sure, there were big time tax advisers here and fancy documents.
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