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respondent's representatives would review and analyze the
information.
After discussions and negotiations with regard to the
information, Exxon's and respondent's representatives agreed that
expenses of Exxon's affiliated companies should be reallocated
from U.S. sources to foreign sources as follows:
Expenses Relating To Exxon’s Affiliates
Year Reallocated To Foreign Source Income
1972 $21,911,570
1973 18,948,396
1974 12,418,119
1975 10,923,260
1976 3,381,041
1977 13,935,690
Oil Refinery Repair Costs
The fourth major agreed adjustment relates to the treatment
for 1972 through 1976 of costs of repairing Exxon’s oil
refineries as current expenses or as capital expenditures.
Similar to the G&G costs, proratables, and other sourcing
adjustments, Exxon’s and respondent’s representatives generally
agreed on the applicable law relating to the oil refinery repair
costs adjustment. Upon receipt during the audits from Exxon's
representatives of information relating to the repair of Exxon's
oil refineries, respondent's representatives would review and
analyze the information.
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