Legal Opinion
Amoco Corporation (Formerly Standard Oil Company (Indiana)) and Affiliated Corporations v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided March 11, 1998No. 96-3632PublishedCited by 18 opinions
1Opinion of the Court
DIANE P. WOOD, Circuit Judge.
The Internal Revenue Code permits U.S. taxpayers who have paid the equivalent of income taxes to foreign governments to cred-' it those amounts against their U.S. taxes, with certain limitations. See Internal Revenue Code of 1986 § 901 et seq., 26 U.S.C. § 901 et seq.; Internal Revenue Code of 1954 § 901 et seq., 26 U.S.C. § 901 et seq. (1982). 1 We must decide in' this case whether Amoco was entitled to claim credits derived from some of its operations in the Arab Republic of Egypt (“ARE” or “Egypt”). This would be complex enough if all we had to do was ascertain…
2Cases cited21 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Illinois Brick Co. v. IllinoisSupreme Court of the United States · 1977
- Smiley v. Citibank (South Dakota), N. A.Supreme Court of the United States · 1996
- First National City Bank v. Banco Para El Comercio Exterior De CubaSupreme Court of the United States · 1983
- Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
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3Cited by18 opinions
- Bankers Life and Casualty Company v. United StatesCourt of Appeals for the Seventh Circuit · 1998
- PNC Financial Services Group, Inc. v. Commissioner of Internal Revenue ServiceCourt of Appeals for the D.C. Circuit · 2007
- McKee v. Los Angeles Interagency Metropolitan Police Apprehension Crime Task ForceCalifornia Court of Appeal · 2005
- PPL Corp. v. CommissionerCourt of Appeals for the Third Circuit · 2011
- Wells Fargo & Co. v. United StatesDistrict Court, D. Minnesota · 2015
13 more not listed; retrieve them via the Exa API.