US to ask court to nullify ruling against oil profit tax

The Justice Department announced it will ask the Supreme Court to set aside a ruling declaring the windfall oil profits tax unconstitutional.

The government's decision to appeal had been expected after US District Judge Ewing Kerr's ruling Nov. 4 that the tax, imposed under the Carter administration , is invalid because it exempts Alaskan oil and thus is not applied uniformly to all states.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK