ENERGY
Chevron Ordered to Give Documents to IRS: A federal magistrate told the San Francisco-based firm to give hundreds of documents to the Internal Revenue Service in a dispute involving $1.4 billion in tax credits Chevron claimed from 1983 to 1987 for its Indonesian operations. Chief Magistrate Judge F. Steele Langford found the IRS had established probable cause that the documents “were prepared in furtherance of the crimes or frauds at issue.” Chevron Corp. attorneys had argued the documents were protected by attorney-client privilege. Company spokesman Mike Libbey said, “I would hope it’s possible to have a reasonable disagreement over a complex tax code without being accused of criminal intent.” The IRS said Chevron’s claims for foreign tax credits on its Indonesian operations were a sham designed to avoid paying U.S. taxes.
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