GE Hits Back At HMRC Suit Over Disclosure To Undo Tax Deal
Law360, London (April 26, 2019, 6:09 PM BST) -- The U.K. tax authority’s legal action against several GE Group units to rescind a 2005 tax relief deal is “fundamentally wrong” and misplaced, the conglomerate and its financial subsidiaries said as they filed a counterclaim against the tax authority to keep two agreements propping up the deal in place.
Six GE companies, including IGE USA Investments Ltd., GE Capital Investments and GE Capital Finance, have denied allegations from HM Revenue & Customs that they misrepresented their corporate arrangements and omitted key information during talks that led to the tax deal.
The firms have also filed a counterclaim against the tax authority,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.