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URGENT: Russian court quashes $11.8 mln back tax claim vs. Ernst & Young


MOSCOW, January 27 (RIA Novosti) - The Moscow Arbitration Court quashed on Tuesday a decision to charge an extra 390 million rubles ($11.8 million) in back tax claims from auditing firm Ernst & Young.

The 2004 back tax claim was filed by Russia's tax authorities against the Russian subsidiary of Ernst & Young, one of the "Big Four" international auditing firms.

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