Medtronic, Inc, etc. v. CIR

Tax Court's Medtronic Method Violates Regs, US Tells 8th Circ.

The U.S. asked the Eighth Circuit on Friday to reject a transfer pricing method used by the U.S. Tax Court in a decision finding medical device company Medtronic Inc. underreported its income, saying the methodology violated Treasury regulations and still failed to accurately account for the company's income.