ABBOTT LABORATORIES INTERNATIONAL COMPANY v. UNITED STATES

No. 12579.

267 F.2d 940 (1959)

ABBOTT LABORATORIES INTERNATIONAL COMPANY, a Delaware corporation, Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

June 23, 1959.


Attorney(s) appearing for the Case

Ingrid L. Beall, Baker, McKenzie & Hightower, Chicago, Ill., for appellant.

Charles K. Rice, Asst. Atty. Gen., Joseph Kovner, Lee A. Jackson, Melva M. Graney, Attorneys, Tax Division, U. S. Department of Justice, Washington, D. C., Robert Tieken, U. S. Atty., Chicago, Ill., for appellee.

Before MAJOR, PARKINSON and KNOCH, Circuit Judges.


PER CURIAM.

Plaintiff, a Delaware corporation, appeals from an adverse judgment of the District Court in its suit to recover taxes paid by its two foreign subsidiaries (Limitadas) to Argentina and Colombia, the countries of organization, respectively. Plaintiff claims the taxes so paid should be allowed as credits under § 131 of the Internal Revenue Code of 1939, 26 U.S.C.A. § 131.

The parties are agreed that a taxpayer is entitled to a deduction...

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