Morrison & Foerster LLP secured a significant win on behalf of the former Chief Financial Officer of Colgate-Palmolive involving New York residency for tax purposes. New York State claimed that the individual, who was based in New York City while CFO of Colgate-Palmolive, was still a resident, despite his immediate move to Paris to be with his wife, a former French domiciliary, following his retirement. On June 15, 2017, a New York State Administrative Law Judge ruled that he was no longer a New York resident saving the individual potentially millions in tax dollars. The State did not pursue an appeal.
Matter of Stephen C. Patrick, et al., DTA Nos. 826838 and 826839 (N.Y.S. Div. of Tax App., June 15, 2017).
Read a copy of the decision.