SAN FRANCISCO California has been illegally collecting too much income tax from large corporations that do business in multiple states, the First District Court of Appeal ruled Tuesday.
The decision, which reverses San Francisco Superior Court Judge Richard Kramer, could mean a $34 million tax refund for plaintiffs Gillette, Procter & Gamble and Kimberly-Clark, according to the ruling. It also appears to open the door to similar claims from other companies for the previous four tax years.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]