Which unit of texaco earned aramco advantage


Question 1. Which unit of Texaco really "earned" the Aramco advantage? Aramco itself? Texaco's foreign refineries? Texaco's marketing operations? Or the parent corporation?

Question 2. Had Aramco sold the crude oil to Texaco's U.S. refineries, would Texaco have been able to avoid U.S. taxation on the Aramco advantage?

Question 3. Since Minister Yamani created the Aramco advantage in part in response to U.S. diplomatic pressure, should Exxon and Texaco have been required to sell their allotment of Saudi crude oil to their domestic refineries?

Question 4. The IRS's lawyers argued that the appeals court ruling amounted to a "blueprint for the evasion of U.S. taxes. [It] .... creates substantial tax incentives for United States corporations to encourage or endure the adoption of profitable foreign 'legal restrictions' that 'require' such corporations to avoid United States taxation." Do you agree with the IRS position? Or is it just being a cry-baby because it lost?

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