U.S. Supreme Court Scraps Tax Ruling in Ford Case

Newswire

By Lawrence Hurley and Patrick Temple-West WASHINGTON, Dec 2 (Reuters) - The U.S. Supreme Court on Monday sent a $470 million tax dispute between Ford Motor Co and the Internal Revenue Service back to a lower court for further review. The justices threw out a 6th U.S. Circuit Court of Appeals ruling in favor of the government and asked the court to take a second look at the case. Ford had been credited for overpaying certain taxes dating back to 1983. Ford argued its overpayments were ...

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