Bats Global Markets Holdings v. CIR

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Case overview

Case Number:

22-9002

Court:

Appellate - 10th Circuit

Nature of Suit:

Tax Court (agency) 

Companies

Sectors & Industries:

  1. September 11, 2023

    10th Circ. Won't Revisit Denial Of Bats Global's $9M Deduction

    The Tenth Circuit declined Monday to reconsider its decision upholding the disallowance of a $9.1 million tax deduction for stock exchange operator Bats Global Markets, effectively rejecting the operator's argument that the court wrongly deemed excluded evidence harmless in its case.

  2. August 29, 2023

    Bats Asks 10th Circ. To Rethink Nix Of $9.1M Tax Deduction

    The Tenth Circuit should revisit its decision affirming the nix of a $9.1 million tax deduction for stock exchange operator Bats Global Markets because wrongly excluded evidence the court deemed harmless was actually central to the case, the company said.

  3. July 12, 2023

    10th Circ. Affirms Nix Of $9.1M Tax Deduction For Bats Global

    Stock exchange operator Bats Global Markets is not entitled to the $9.1 million tax deduction it claimed on its U.S.-based business activity tied to certain fees it charged customers to use its proprietary trading software, the Tenth Circuit affirmed Wednesday.

  4. May 19, 2023

    10th Circ. Judges Skeptical Of Bats' $9M Software Deduction

    Two Tenth Circuit judges seemed skeptical during oral arguments of Bats Global Markets' $9.1 million in claimed domestic production activity deductions on billions in customer fees, suggesting its pricing structure could undermine arguments that it qualified for the tax break by providing access to software.

  5. December 22, 2022

    10th Circ. Asked To OK Nix Of Bats Global's $9M Deductions

    The Tenth Circuit should uphold a U.S. Tax Court ruling disallowing $9.1 million in online software deductions by U.S. stock exchange operator Bats Global Markets, the government argued, saying Bats failed to qualify because it prevented customers from freely controlling its software.

  6. September 29, 2022

    Bats Entitled To $9.1M Deductions For Software, 10th Circ. Told

    Bats Global Markets is entitled to more than $9.1 million in deductions for fees it charged customers to access securities trading software, the U.S. stock exchange operator told the Tenth Circuit, arguing the U.S. Tax Court wrongly denied the deductions.