Paperboard Mills
This industry comprises establishments primarily engaged in manufacturing paperboard (e.g., can/drum stock, container board, corrugating medium, folding carton stock, linerboard, tube) from pulp. These establishments may manufacture or purchase pulp. In addition, the establishments may also convert the paperboard they make.
When ‘Fair Value’ Is Not the Standard of Value in State Shareholder Disputes
Court accepts marketability discounts to determine fairness of corporate stock transaction in shareholder dispute.
Kim v The Grover C Coors Trust
In this shareholders’ suit, plaintiff, Chinyun Kim, appeals the trial court’s judgment finding against Kim and in favor of defendants, the Grover C. Coors Trust, William K. Coors, Jeffrey H. Coors, the Adolph Coors, Jr. Trust, the May Kistler Coors Tru ...
Capital Gains Tax Determined on Value of Property Before Distribution to Transitional Limited Partnership
Pope & Talbot Inc. distributed certain real property to Pope Resources, a newly formed Delaware limited partnership.
Pope & Talbot, Inc. v. Commissioner of Internal Revenue
At issue is the fair market value of the property the plaintiff distribtued to a limited partnership.
Aggregate Value of Publicly Traded Partnership Units Is Not Equal to the Value of the Underlying Assets
The 9th Circuit affirmed the Tax Court's decision to calculate the tax due under IRC sec. 311 based on the fair market value of property the corporation transferred to a limited partnership.