UPDATE 1-U.S. Supreme Court rejects Dow over $1 billion tax deduction claim
January 09, 2017 at 09:46 AM EST
WASHINGTON, Jan 9 (Reuters) - The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose.