U.S. Court of Appeals for the 9th Circuit
Mar. 24, 2010
9th Circuit Reverses IRS Case
U.S. multinationals got a tax break Monday as a 9th U.S. Circuit Court of Appeals panel abruptly about-faced on a stock option question likely to save companies money.
Daily Journal Staff Writer
SAN FRANCISCO - U.S. multinationals got a tax break Monday as a 9th U.S. Circuit Court of Appeals panel abruptly about-faced on a stock option question, a move likely to save companies money.
The panel voted 2-1 to reverse its opinion of a year ago over how companies in joint ventures share costs in so-called transfer pricing arrangements that are sometimes used to reduce taxable profit...
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