Today the US Supreme Court declined to hear Albemarle Corp.’s challenge to a ruling by the US Court of Appeals for the Federal Circuit that the company was not entitled to a $412,923 refund attributable to foreign tax credits for taxes allocated outside a ten-year statute of limitations.  Albemarle Corp. argued in its petition for certiorari that under the Supreme Court’s holding in Dixie Pine Prods. Co. v. Commissioner, 320 U.S. 516 (1944), the statute of limitations on its refund claim did not begin to accrue until it had resolved a dispute with Belgian authorities concerning the withholding taxes and 20-year debentures issued by a subsidiary.