The U.S. Tax Court erred by tossing the IRS’ suggested method to price royalties for intangible property licensed by medical device maker Medtronic to a Puerto Rican affiliate because its products differed from those of comparable uncontrolled companies, a government attorney told the Eighth Circuit on Tuesday.
8th Circ. Urged To Enforce IRS Pricing Method On Medtronic
by usoftax_admin | May 13, 2025 | Tax News