BALTIMORE (AP) – A federal judge ruled in favor of Black & Decker on Thursday in the company’s attempt to collect more than $57 million in refunds from the Internal Revenue Service.

The IRS contended the toolmaker used a complex business deal as a tax avoidance vehicle. But Black & Decker Corp. maintained that the deal had economic substance and sued the IRS for a refund.

The Towson, Md.-based company argued the taxes were erroneously assessed and collected from 1995 through 2000.

U.S. District Judge William Quarles granted the company’s request for summary judgment.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.