Text To Be Key As Justices Hear $13.3M Railroad Stock Case
Law360 (April 13, 2018, 8:06 PM EDT) -- The Supreme Court on Monday will consider whether $13.3 million in stock options are taxable compensation under the Railroad Retirement Tax Act, and experts believe oral arguments and the case itself will hinge on whether "money remuneration" should be broadly or narrowly interpreted.
The nation's top court has scheduled oral arguments for Wisconsin Central v. U.S., a case involving stock options given to employees of a Canadian railroad company's subsidiaries — Illinois Central Railroad Co., Wisconsin Central Ltd. and Grand Trunk Western Railroad Co.
The Seventh Circuit found the amount was taxable compensation under the RRTA and the Supreme Court agreed to...
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