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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



Carol Shutkever
  • Herbert Smith Freehills LLP

Thomas E. Spahn
  • McGuireWoods LLP

Roman Madej
  • Bryan Cave LLP

Kathie D. Claret
  • Bryan Cave LLP

Andrew E. Bigart
  • Venable LLP

Philip Nolan
  • Mason Hayes & Curran

Anita C. Esslinger
  • Bryan Cave LLP

G. William Tysse
  • McGuireWoods LLP