Law360 (June 22, 2020, 9:37 AM EDT) -- The U.S. Supreme Court refused Monday to hear a closely watched challenge against transfer pricing regulations brought by Intel subsidiary Altera, leaving intact a Ninth Circuit ruling that found the Treasury Department was justified in issuing its cost-sharing rules.
Technology giants had sided with the chipmaker Altera, now part of Intel, in requesting Supreme Court review of a case involving Treasury regulations on the treatment of stock-based compensation in cost-sharing agreements to develop intangible property. (AP) Justices declined Altera's request to review controversial regulations that require affiliated businesses to include stock-based compensation in their cost-sharing agreements for developing intangible property. The chipmaker, along with tech heavyweights...
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