The Internal Revenue Service has suffered a string of setbacks recently in federal appeals courts on its aggressive campaign to crack down on corporate tax shelters.
The 5th U.S. Circuit Court of Appeals in New Orleans last week became the latest to reverse a lower court decision when it sided with Compaq Computer Corp. against the IRS. Earlier last year, appeals courts in St. Louis and Atlanta issued similar reversals, the latter in a big case involving United Parcel Service.
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