IRS Tells Tax Court Eaton's Taxable Income Was $200M Short

By David Hansen ( March 27, 2018, 7:48 PM EDT) -- A straightforward interpretation of tax law requires the Eaton Corp. to include almost $200 million more in its 2007-2008 tax year income, the Internal Revenue Service said in a brief submitted Monday in the parties' transfer pricing dispute, with the company responding that the IRS' arguments duplicate earnings and profits and create double taxation....

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