24 Eylül 2012 Pazartesi

HP loses tax case over valuing U.S. research credit

File photograph of a woman walking past the Hewlett Packard logo at its French headquarters in Issy le MoulineauxWASHINGTON (Reuters) - Hewlett-Packard Co on Monday lost a legal bid to expand its benefits from the research tax credit after the U.S. Tax Court ruled the company could not exclude certain types of income when calculating the tax break. It was unclear from the court documents how much in taxes HP would now owe, but according to the ruling, the amounts under dispute involved tens of millions of dollars. HP had challenged an Internal Revenue Service ruling on the matter. The IRS had said the computer maker owed taxes in cases where it tried to claim the credit between 1999 and 2003. ...


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