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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


Mark D. Anstoetter
  • Shook Hardy & Bacon LLP

Patrick Henderson
  • Shook Hardy & Bacon LLP

Caroline Hobson
  • CMS Cameron McKenna

Debra S. Dunne
  • Shook Hardy & Bacon LLP

Michael S. Immordino
  • White & Case LLP

David Erickson
  • Shook Hardy & Bacon LLP

Madeleine M. McDonough
  • Shook Hardy & Bacon LLP

Debra A. McCurdy
  • Reed Smith LLP

John D. Garretson
  • Shook Hardy & Bacon LLP