Companies Rejected by U.S. Supreme Court in $1.5 Billion Tax CasesBy
BNY Mellon, AIG and BB&T turned away on tax-avoidance strategy
Lower courts said Barclays strategy lacked economic substance
The U.S. Supreme Court turned away appeals from three financial-services companies that sought to save a total of $1.5 billion by using a tax-avoidance strategy designed by Barclays Plc.
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