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NYU Professors Urge 9th Circ. To Uphold Amazon Tax Win

Law360 (July 9, 2018, 6:33 PM EDT) -- Two law professors have urged the Ninth Circuit to uphold a U.S. Tax Court decision in favor of Amazon.com Inc. in a transfer pricing dispute with the Internal Revenue Service, saying the agency was relying on an incorrect reading of cost-sharing regulations.

The IRS’ interpretation that residual business assets such as goodwill and going concern value be compensated under cost-sharing agreements did not apply in 2005 when Amazon made an agreement that granted its European affiliate certain asset rights, the professors at the New York University...
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