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In recent years, the U. Supreme Court has ruled on, among many others case, the following tax related matters: UNITED STATES v. CLINTWOODELKHORN...

1. In recent years, the U. S. Supreme Court has ruled on, among many others case, the following tax related matters:

UNITED STATES v. CLINTWOOD
ELKHORN MINING COMPANY et al

ALICIA G. LIMTIACO, ATTORNEY GENERAL OF
GUAM v. FELIX P. CAMACHO, GOVERNOR OF GUAM

POLAR TANKERS, INC. v. CITY OF VALDEZ, ALASKA

MEADWESTVACO CORP. v. ILLINOIS DEPT. OF REVENUE

Choose one of the above cases, and answer the following:

a. In your own words, explain the basic tax issues addressed in the case.

b. Which party won the case? What was decided?

c. Which of the basic tax planning issues described in chapter 4, if any, is at issue in the case? Explain your reasoning.

d. What source(s) did you use to answer a.-c.? Describe your research process in sufficient detail such that your instructor could follow your instructions and find the primary source that you used.

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