High Court Asked To Review Rail Stock-Options Tax Case
Law360, New York (December 7, 2017, 4:51 PM EST) -- The government Wednesday asked the U.S. Supreme Court to review a Seventh Circuit decision finding income from stock options provided to employees of a Canadian railroad company to be taxable compensation. The U.S. said a circuit split over the issue needed to be resolved.
The U.S. said in a brief the Seventh Circuit arrived at the correct conclusion that income from the options should be taxable whether considered under the Federal Insurance Contributions Act or the Railroad Retirement Tax Act, or RRTA. However, the Eighth Circuit has ruled otherwise, and the government said the high court should resolve the discrepancy....
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!