The Tax Court of New Jersey released its state tax addback decision in Daimler Investments US Corporation v. Director, Division of Taxation on January 31, 2019. The Tax Court agreed with our assertion that amounts Daimler Investments US paid to an affiliate pursuant to a tax sharing agreement are not taxes. The Court also ruled that such amounts are not an indirect payment of tax, disagreeing with the Division of Taxation’s position.

Read a copy of the decision.