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Supreme Court throws out tax ruling against MeadWestvaco

AMMAN, Jordan (MarketWatch) — The U.S. Supreme Court unanimously threw out on Tuesday a state court ruling that allowed Illinois to tax part of the capital gains earned by Ohio-based MeadWestvaco Corp. when it sold Lexis/Nexis for $1.5 billion. States are allowed to tax in-state income of out-of-state corporations under some circumstances. The court’s ruling clarifies those conditions.
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Original post by Forextvblog

This entry was posted on Wednesday, April 16th, 2008 at 1:52 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Supreme Court throws out tax ruling against MeadWestvaco”

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