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IRS Never Proved Forex Trades Were Rigged, DC Circ. Hears

By David Hansen (October 23, 2019, 7:08 PM EDT) -- A U.S. Tax Court decision that a partnership should be denied $141 million in tax losses for engaging in sham foreign currency transactions should be reversed because the IRS never proved the trades were rigged, the D.C. Circuit heard Wednesday....

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