Article: New York City Tribunal Decision in Toys "R" Us-NYTEX Confirms Arm's Length Pricing As Key to Combination.(The New York City Tax Appeals Tribunal)(The New York City Department of Finance)

The New York City Tax Appeals Tribunal recently issued what may be the most significant taxpayer victory in New York to date on when the New York tax authorities may forcibly combine a corporate taxpayer with an affiliated intangibles holding company. In Matter of Toys "R" Us-NYTEX, Inc., TAT(E) 93-1039(GC) (N.Y.C. Tax App. Trib., Jan. 14, 2004), the New York City Tribunal ("City Tribunal") held that Toys "R" Us-NYTEX, Inc. ("Toys-NYTEX") proved that its transactions with its affiliated intangibles companies - principally royalty payments for the use of trademarks held by Geoffrey, Inc. ("Geoffrey") and interest payments made to affiliated financing companies - were at ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!