HMRC Gets OK To Take GE Fraud Fight To UK's Top Court

Law360 (July 12, 2021, 10:50 PM EDT) -- The U.K.'s Supreme Court has granted HM Revenue & Customs the right to appeal a lower court's judgment that it was out of time to pursue U.S. conglomerate General Electric for alleged tax fraud.

The U.K. Supreme Court has ruled that HMRC can appeal a lower court's ruling that its bid to recover roughly £650 million ($900 million) from General Electric isn't subject to any statutory time bar. (iStock) The court's order, released on Friday, will allow HMRC to argue that its right to recover roughly £650 million ($900 million) isn't subject to any statutory time bar — a position generally accepted by...

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