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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


Sarah Litke
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC

Helen Clark
  • Locke Lord LLP

Carol Shutkever
  • Herbert Smith Freehills LLP

Craig R. Nethercott
  • Latham & Watkins LLP

Graham More
  • Herbert Smith Freehills LLP

Brad Roach
  • Hogan Lovells

David Laurence
  • Herbert Smith Freehills LLP

Jerry O. Allen
  • Bricker & Eckler LLP

Cydney Posner
  • Cooley LLP