In IDC Research, Inc. v. Comm’r of Revenue, No. 09-P-1533 (Nov. 30, 2010), the Appeals Court of Massachusetts held that the transfer of International Data Group’s (IDG) logo licensing business to a Delaware subsidiary was a sham. The court affirmed the Appellate Tax Board’s decision and reallocated the Delaware subsidiary’s royalty income from
Massachusetts
Massachusetts Supreme Judicial Court Says Tax Exemption Should Be Construed Broadly
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In an interesting development in the ongoing debate surrounding intended tax benefits, the Massachusetts Supreme Judicial Court affirmed the Appellate Tax Board’s ruling that a taxpayer qualified for a use tax exemption and that the Commissioner was not entitled to impose additional requirements on a taxpayer’s eligibility for the exemption. Onex Commc’ns. Corp. v. Comm’r…