International Tax Review

TP Week

Skip to main content Skip to Navigation menu Skip to Login form

TP Week is now available on your mobile

Site links

Follow us on:
Advanced search | Change font size:   

Navigation Menu

Skip to main content Skip to top of page

Home Page

Subscriptions

Other Services

Poll

Which industry is most targetted for TP by the authorities?

Pharmaceutical
32%
Hi-Tech
23%
Automotive
17%
Financial Services
28%
Telecommunications
0%


View previous poll results

Skip to Navigation menu Skip to top of page

Print Print   Print Email this article to a colleague

Court slates IRS approach in Veritas litigation

December 16, 2009

In a landmark decision, the US Tax Court has addressed the fundamental issues in the valuation of cost-sharing buy-ins and slammed the approach of the Internal Revenue Service (IRS) to the case.

On December 10, the court released its opinion in Veritas Software Corp (Symantec Corp) v Commissioner, awarding victory to the taxpayer.

“This ruling is a major defeat for the IRS's attempt to enforce the prior buy-in regulations using current rules,” said Irv Plotkin, a managing director at PricewaterhouseCoopers in Boston.

Free Trial

Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.


Email:
Password:

Remember me?
Forgot your password?

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our terms and conditions and privacy policy before using the site. All material subject to strictly enforced copyright laws. © 2007 Euromoney Institutional Investor PLC. For help please see our FAQ.