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Pennsylvania's Commonwealth Court Finds NOL Cap Unconstitutional, Grants Refund to Taxpayer
2015-11-25 10:53:08| Wireless - Topix.net
In a 52 decision, the Pennsylvania Commonwealth Court in an en banc panel has held that Pennsylvania's NOL cap violates the Uniformity Clause of the Pennsylvania Constitution, and granted the taxpayer the right to deduct its NOLs without regard to the statutory NOL cap, which resulted in a refund to Nextel.1 Reed Smith represented Nextel in this case, and we previously reported on the NOL cap issue in our October 5, 2015 Alert . For background, during the period at issue in this case , the statutory NOL cap on Pennsylvania's corporate net income tax was the greater of $3 million or 12.5% of taxable income.
Pennsylvania's Commonwealth Court Finds NOL Cap Unconstitutional, Grants Refund to Taxpayer
2015-11-25 02:52:25| Telecom - Topix.net
In a 52 decision, the Pennsylvania Commonwealth Court in an en banc panel has held that Pennsylvania's NOL cap violates the Uniformity Clause of the Pennsylvania Constitution, and granted the taxpayer the right to deduct its NOLs without regard to the statutory NOL cap, which resulted in a refund to Nextel.1 Reed Smith represented Nextel in this case, and we previously reported on the NOL cap issue in our October 5, 2015 Alert . For background, during the period at issue in this case , the statutory NOL cap on Pennsylvania's corporate net income tax was the greater of $3 million or 12.5% of taxable income.
Leesburg to refund Cutrale $3.2M
2015-11-09 08:27:06| Beverages - Topix.net
The city is preparing to refund $3.2 million to Cutrale Citrus Juices USA Inc. to settle an electricity billing dispute.
Payday lender agrees to refund 1.7m
2015-11-04 12:15:45| BBC News | Business | UK Edition
The payday loan company behind Quick Quid and Pounds to Pocket agrees to refund customers who were able to take out loans they could not afford.
Tags: refund
agrees
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Commonwealth Bank to refund $7.6m in fees to thousands of customers
2015-10-19 05:44:51| Automakers - Topix.net
Commonwealth Bank of Australia will refund $7.6 million to thousands of customers who were slugged with unfair fees on one of the bank's products. According to a statement by the Australian Securities and Investments Commission, CBA has agreed to repay 8,400 customers after failing to properly administer the bank's AgriAdvantage Plus package over a number of years.
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customers
thousands
fees
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