Medtronic, Inc, etc. v. CIR
Case Number:
23-3063
Court:
Nature of Suit:
Companies
Sectors & Industries:
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January 01, 2024
International Tax Cases To Watch In 2024
The U.S. Supreme Court’s upcoming decision on a constitutional challenge to a repatriation provision could reverberate beyond the tax code’s measures for deferred foreign income, while Coca-Cola may make its own constitutional arguments in a long-running $3.3 billion transfer pricing dispute. Here, Law360 looks at key international tax cases to follow during 2024.
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December 15, 2023
Tax Court's Medtronic Method Violates Regs, US Tells 8th Circ.
The U.S. asked the Eighth Circuit on Friday to reject a transfer pricing method used by the U.S. Tax Court in a decision finding medical device company Medtronic Inc. underreported its income, saying the methodology violated Treasury regulations and still failed to accurately account for the company's income.
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