In Office of Chief Counsel memorandum AM2012-007, the Office of Chief Counsel advised the Large Business & International Division (LB&I) to ignore subsidiary stock that a corporation (“Parent”) had purportedly purchased in determining whether the subsidiary was affiliated with Parent under Code Section 1504(a).
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RegisterPurchasing shares with exchangeable debt and ending up empty handed
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USA
December 20 2012
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Brigitte Zaza
Company Secretary
Chevron Limited
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