THE COMMON LAW principle that federal courts will not enforce foreign tax judgments was not subverted when Congress toughened money laundering provisions in the wake of Sept. 11, an Eastern District judge ruled yesterday.
Dismissing three lawsuits brought by countries that charged major tobacco companies were undermining tax collections by encouraging cigarette smuggling, Judge Nicholas G. Garaufis said Congress did not intend to abrogate the common law “revenue rule” when it added money laundering to the federal racketeering statute with the passage of the so-called the USA Patriot Act in October 2001.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
