VULCAN MATERIALS CO. v. COMMISSIONER

Docket No. 11680-88.

96 T.C. 410 (1991)

VULCAN MATERIALS COMPANY AND SUBSIDIARIES, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 5, 1991.


Attorney(s) appearing for the Case

Dennis I. Meyer, for the petitioner.

Gary F. Walker, for the respondent.


OPINION

TANNENWALD, Judge:

Respondent determined a deficiency in petitioner's 1984 Federal income tax in the amount of $133,679. The sole issue for decision is the amount of Saudi Arabian taxes that petitioner should be deemed to have paid under section 9021 for the purpose of determining its foreign tax credit.

All of the facts have been stipulated, and the stipulation...

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