Tag: Stock based compensation costs

US vs Altera. February 2016, Appeal

US vs Altera. February 2016, Appeal

On July 27, 2015 the United States Tax Court issued its ruling regarding the petition filed by Altera Corporation and its subsidiaries against the Commissioner of Internal Revenue. The court found in favor of Altera, and concluded that on an arm’s length basis employee profit sharing should not be included in compensation between related parties under Qualified Cost Sharing Agreements. The case was appealed by the Commissioner of Internal Revenueon February 23, 2016. In the appeal the Commissioner argues that the Tax Court erred as a matter of law in holding that the 2003 cost-sharing amendments are invalid to the extent they require the sharing of stock based compensation costs. In July 2018 the Court of Appeal reversed the decision from the Tax Court and found in favor of the Commissioner. US-vs.-Altera-Tax-Court-Decision-2015 And US-vs.-Altera-Brief-Appellant-16-70497 ... Continue to full case