Meredith Corporation
The New York State Appellate Division, Third Department, reversed the Tax Appeals Tribunal and accepted our argument that Meredith, a publisher and broadcaster, used the correct method of apportioning its income to New York State, and could include rented film in its property factor, no matter how the film was delivered.
E.I. Dupont
The Michigan Court of Appeals affirmed the decision of the Court of Claims and ruled that the gain realized by E.I. DuPont from the sale of its interest in a partnership was not apportionable to Michigan, and that E.I. DuPont could include receipts from foreign exchange contracts in the denominator of its Michigan receipts factor.
Confidential Client
Resolution by settlement, thereby avoiding substantial potential exposure, of a case in which the New York State Department of Taxation & Finance had attempted to require a group of related corporations to file separate New York State corporation franchise tax returns.
Confidential Client
A southern state court granted summary judgment against the state Department of Revenue, rejecting an attempt to force use of an alternative apportionment method.