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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 L. Chernof
  • Arnold & Porter LLP

David Erickson
  • Shook Hardy & Bacon LLP

Madeleine M. McDonough
  • Shook Hardy & Bacon LLP

Debra A. McCurdy
  • Reed Smith LLP

John Markham
  • CMS Cameron McKenna

Mark D. Anstoetter
  • Shook Hardy & Bacon LLP

Bob Palmer
  • CMS Cameron McKenna

John Simpson
  • Shook Hardy & Bacon LLP

John D. Garretson
  • Shook Hardy & Bacon LLP