Trafigura Trading v. USA

  1. May 23, 2022

    5th Circ. Won't Reconsider Finding Crude Tax Unconstitutional

    The Fifth Circuit declined Monday to reconsider its decision finding that a fee charged on crude oil exports was an unconstitutional export tax, letting stand a decision that entitled a commodities trader to a $4.5 million refund from the IRS.

  2. May 09, 2022

    US Asks 5th Circ. To Rehear Crude Oil Export Tax Case

    The Fifth Circuit should reconsider its decision to affirm a Texas federal court's ruling that the IRS must refund commodities traders for fees they paid on crude oil exports, a levy incorrectly deemed unconstitutional, the U.S. government argued.

  3. March 25, 2022

    5th Circ. Says Oil Dealers Due $4.5M For Cleanup Fees

    The federal government must refund $4.5 million in fees on crude oil exports to Texas commodities traders, the Fifth Circuit ruled, saying the Founding Fathers' ban on export taxes meant to further trade policy extends to environmental policy.

  4. February 03, 2022

    Commodities Trader Defends $4.5M Oil Refund To 5th Circ.

    A commodities trader on Thursday defended its $4.5 million IRS refund for fees paid on crude oil exports to the Fifth Circuit, saying in oral arguments that a lower court correctly determined the fee constituted an unconstitutional export tax.

  5. August 02, 2021

    Trader Entitled To $4M Refund On Oil Export Tax, 5th Circ. Told

    A Texas federal court correctly gave a commodities trader a $4.2 million refund for taxes paid on crude oil exports after striking down the tax as unconstitutional, the trader told the Fifth Circuit, urging it to affirm the ruling.