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Pennsylvania Supreme Court affirms apportionment decision in favor of taxpayer

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 9 2008

The Pennsylvania Supreme Court has affirmed an April 2007 decision of the Pennsylvania Commonwealth Court, which had agreed with Reed Smith’s arguments and had held in favor of the taxpayer

Lawsuit filed to challenge unconstitutional New Jersey tax

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 20 2006

In 2004, CFO Magazine ranked New Jersey as having “the most unfair and unpredictable tax environment.”

Pennsylvania Commonwealth Court upholds its apportionment policy decision in FedEx Ground Package System, Inc. v. Commonwealth

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 30 2007

In a 2006 decision, the Pennsylvania Commonwealth Court agreed with Reed Smith's arguments, and rejected the Department of Revenue’s policyreaffirming the principle that the numerator of an apportionment factor must reflect only in-state activity

Pennsylvania courts issue favorable property tax exemption rulings

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 4 2007

In two recent significant victories for the charitable and higher education communities in Pennsylvania, the Pennsylvania Supreme Court and Commonwealth Court issued rulings clarifying the proper construction and application of HUPAct 55which applies to tax exemptions for institutions of purely public charity

Maryland Comptroller’s continuing efforts to generate revenue: the Comptroller starts assessing the ‘wolves in sheep’s clothing’

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 5 2008

While the intangible holding company cases involving The Classics, Talbots, and others are pending, the Maryland Comptroller has been aggressively expanding the scope of audit targets beyond royalty-earning intangible holding companies

Pension Schemes VAT investment management expense: protecting your VAT reclaim position

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • July 18 2007

To protect a Scheme’s and employer’s position we suggest that some protective action is now taken by Schemes

New Jersey Tax Court: ‘no reasonable cause’ for IHC to not file returns

  • Reed Smith LLP
  • -
  • USA
  • -
  • August 30 2007

On June 18, the U.S. Supreme Court denied certiorari in Lanco, Inc. v. Director, Div. of Taxation

Interest rates

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • September 4 2007

Sempra Metals Ltd (formerly Metallgesellschaft Ltd) v Inland Revenue Commissioners and another Butterworths Law Direct 31.7.07 has been heralded as a significant decision of the House of Lords

Maryland Tax Court sustains assessment on intangible holding company; much-anticipated decision relies on Syl, Inc. to deny taxpayer relief

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 14 2008

In a Memorandum of Grounds for Decision, dated April 11, 2008 (“Opinion”), the Maryland Tax Court has sustained the assessments in two intangible holding company cases: The Classics Chicago, Inc. v. Comptroller, No. 06-IN-00-0226, and The Talbots, Inc. v. Comptroller, No. 06-IN-00-0227

U.S. Supreme Court reverses Mead; reaffirms the unitary business principle

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 18 2008

On April 15, by unanimous opinion, the U.S. Supreme Court decided Meadwestvaco v. Illinois Department of Revenue (U.S. Sup. Ct. No. 06-1413