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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


Javier Avino
  • Bilzin Sumberg Baena Price & Axelrod LLP

Philip R. Stein
  • Bilzin Sumberg Baena Price & Axelrod LLP

Lisa B. Petkun
  • Pepper Hamilton LLP

G. William Tysse
  • McGuireWoods LLP

Alexander Hecht
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC

Georgette M. Spanjich
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC

Jean Cornell
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC

Helen Clark
  • Locke Lord LLP

Jeanne Kohler
  • Locke Lord LLP