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U.S. Supreme Court throws out Ford Motor Co tax ruling - Reuters


Monday, 2 Dec 2013 10:04am EST 

Ford Motor Co:Says the U.S. Supreme Court on Dec. 02 sent a $470 million tax dispute between Ford Motor Co and the Internal Revenue Service back to a lower court for further review - Reuters.Says the justices threw out a sixth U.S. Circuit Court of Appeals ruling in favor of the government and asked the court to take a second look at the case.Says it had been credited for overpaying certain taxes dating back to 1983.Says it argued its overpayments were essentially a loan to the IRS that should have accrued interest.Says it was denied a $470 million interest payment by a Michigan district court in 2010.Says the U.S. appeals court ruled against Ford in December 2012. 

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