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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


Bob Palmer
  • CMS Cameron McKenna

Amit Kalra
  • Winston & Strawn LLP

Dylan F. Borchers
  • Bricker & Eckler LLP

Kenneth F. Ehrlich
  • Nutter McClennen & Fish LLP

Mark Anstoetter
  • Shook Hardy & Bacon LLP

Patrick Henderson
  • Shook Hardy & Bacon LLP

Mark Liscio
  • Kaye Scholer LLP

Michael K. Krebs
  • Nutter McClennen & Fish LLP

Robert M. Wolin
  • Baker & Hostetler LLP