IHS Chemical Week

Chemical Week Magazine :: Newsbriefs

Dow loses US tax shelter case, considers appeal

4:15 PM MST | March 4, 2013

A federal judge in Baton Rouge, LA, has ruled that two tax-shelter transactions entered into by Dow Chemical, and designed by Goldman Sachs and law firm King & Spalding amounted to $1 billion in phony tax deductions, according the Department of Justice. Chief Judge Brian Jackson writes in his 74-page opinion that the schemes were designed to exploit perceived weaknesses in the tax code and not designed for legitimate business reasons. Dow says it had paid all taxes plus interest with respect to tax years 1993–2003 that were involved in this case, but...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa