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Tribunal holds government financing agreements do not qualify as investment capital
  • Morrison & Foerster LLP
  • USA
  • February 2 2012

Reversing the decision of an Administrative Law Judge, the New York State Tax Appeals Tribunal has held that equipment financing agreements between Xerox Corporation and various governmental entities did not qualify as “investment capital,” and denied the refund sought by Xerox

Kenneth F. Ehrlich
  • Nutter McClennen & Fish LLP

Michael K. Krebs
  • Nutter McClennen & Fish LLP

Jerry O. Allen
  • Bricker & Eckler LLP

Chris A. Johnson
  • Shook Hardy & Bacon LLP

Robert F. McCarthy
  • Bricker & Eckler LLP

Dylan F. Borchers
  • Bricker & Eckler LLP

Robert M. Wolin
  • Baker & Hostetler LLP

David Erickson
  • Shook Hardy & Bacon LLP

Madeleine McDonough
  • Shook Hardy & Bacon LLP