Mass. High Court To Gauge Reach Of Wynne In Bank Tax Case

Law360, New York (May 2, 2016, 8:02 PM EDT) -- The Massachusetts Supreme Judicial Court is set to hear oral arguments Tuesday over a financial institution's excise tax bill in a case that will test the reach of a recent decision by the U.S. Supreme Court that invalidated Maryland's tax system for potential double taxation.

In October, the U.S. Supreme Court vacated and remanded to the Massachusetts Supreme Judicial Court its ruling that First Marblehead Corp. incorrectly apportioned its income to the state and owed $4 million in financial institution excise taxes, or FIET, to the Department of Revenue.

The high court said the Supreme Judicial Court must reconsider its decision...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!