W. EUGENE DAVIS, Circuit Judge:
The Commissioner of Internal Revenue challenges the Tax Court's legal conclusion that Letter 103/z, a 1979 pronouncement of Saudi Arabian oil policy by the Saudi Arabian Oil Minister, prohibits the Commissioner from exercising her authority to reallocate income under 26 U.S.C. §§ 482 and 61. We affirm.
I.
Texaco, Inc. is the parent corporation of a group of entities engaged in the production, refining, transportation...
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