9th Circ. Again Revives IRS Cost-Sharing Rule In Altera Row
By Vidya Kauri (June 7, 2019, 7:39 PM EDT) -- A reconstituted Ninth Circuit panel again reached a split decision to revive an IRS regulation challenged by chipmaker Altera Corp., ruling Friday that the agency was justified in requiring related business entities to include stock-based compensation in their cost-sharing agreements.
A three-judge panel of the Ninth Circuit in San Francisco revived an IRS regulation challenged by Altera Corp., in a case closely watched by major multinational companies. (Getty Images) A new 2-1 majority reached the same conclusion as the appellate court did the first time it heard the high-profile dispute: It overturned the U.S. Tax Court's invalidation of the 2003 regulation and...
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!