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US Drops Appeal Of Citigroup's $183M Tax Award At Fed. Circ.

By Anna Scott Farrell (May 23, 2024, 3:54 PM EDT) -- The federal government agreed to stop fighting a ruling that awarded Citigroup $183 million in tax deductions for liabilities belonging to a failing bank it had acquired during the 1980s savings and loan crisis, according to an order Thursday by the Federal Circuit dismissing the appeal....

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