The Resource Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion

Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion

Label
Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion
Title
Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion
Creator
Subject
Language
eng
Summary
Courts have rejected IRS policy arguments as the basis for deciding Subpart F cases, and two lower court decisions that relied on Subpart F policy were overturned on appeal. The district court's opinion in Schering-Plough Corp. v. U.S., however, appeared to depart from this precedent, discussing Subpart F policy as a basis for deciding against the taxpayer. Nevertheless, in a second opinion the district court clarified that the references to Subpart F policy were not necessary for its decision, and an appellate court recently affirmed the lower court's holding without mention of Subpart F policy
Citation source
In: Tax management international journal. - Arlington. - Vol. 40 (2011),
http://library.link/vocab/creatorName
Yoder, L.D
Language note
English
http://library.link/vocab/subjectName
  • case law
  • Subpart F income
  • CFC
Label
Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion
Instantiates
Publication
Label
Section 956: subsequent Schering-Plough opinions retreat from Subpart F policy discussion
Publication

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