Altria Group, United States Both Seek Judgment In $106M Foreign Tax Dispute

( November 22, 2024, 10:56 AM EST) -- RICHMOND, Va. — The United States and tobacco company Altria Group Inc. entered new filings in Virginia federal court where they are disputing whether the U.S. Internal Revenue Service properly taxed Altria roughly $106 million for profits of a foreign entity it indirectly invested in under the Tax Cut and Jobs Act of 2017 (TCJA), with the United States filing a motion for relief or a deferral of discovery if the court denies its motion for judgment on the pleadings....