Billion-Dollar Transfer Pricing Case Turns on Testimony of ‘Incredible’ IRS Experts

Business Valuation UpdateVol. 16 No. 2
Legal and Court Case Update
February 2010
7372 Prepackaged Software
511210 Software Publishers
federal taxation

Veritas Software Corp. v. Commissioner
2009 WL 4723602 (U.S. Tax Court)
December 10, 2009
US
Federal Court
Federal
United States Tax Court
Andrew P Crousore, Catlin A Urban, David Rakonitz, Erika L Andersen, Erika S Schechter, Jaclyn Pampel, James M O'Brien, James P Thurston, Jenny A Austin, John Strate, John M Peterson, Kimberley Peterson, Kristen B Proschold, Lloyd Silberzweig, Margar
Brian Becker and John Hatch (IRS); William Baumol and Burton Malkiel (taxpayer)
Foley

Summary

IRS loses billion-dollar transfer pricing case based on expert’s wrong determinations of cost of capital and more.

See Also

Veritas Software Corp. v. Commissioner

IRS loses billion-dollar transfer pricing case based on expert’s wrong determinations of cost of capital and more.