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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 Liscio
  • Kaye Scholer LLP

Kenneth F. Ehrlich
  • Nutter McClennen & Fish LLP

Ted Rhodes
  • CMS Cameron McKenna

Michael K. Krebs
  • Nutter McClennen & Fish LLP

Robert F. McCarthy
  • Bricker & Eckler LLP

Amit Kalra
  • Winston & Strawn LLP

Debra A. McCurdy
  • Reed Smith LLP

Stewart A. Baker
  • Steptoe & Johnson LLP