High court extends standing to sue to third parties
Article Abstract:
A US Supreme Court 1995 decision holds that a third party who pays another's taxes may have standing to sue for a refund. In the L.R. Williams case, such standing was determined available to an ex-wife who had paid her ex-husband's taxes so as to remove a tax lien wrongfully attached to her property. Despite the IRS's warning of increased third-party refund suits, the decision only holds that this particular ex-wife had standing to sue given the facts of the case and does not necessarily extend standing to any third party who voluntarily pays taxes assessed against another party.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1995
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State court fraud decision influenced by economics of US peanut industry
Article Abstract:
A remarkable level of potential buying power in the structure of the peanut handler market exists, at least in the Southeast and Georgia. Whether this possibility is abused will need fleshing out the conduct and performance aspects of the situation, such as in the Golden v. Hunt trial. However, a consolidation trend, such as that in the Southeast and Georgia peanut submarkets, brings the increased danger of the unilateral exercise of market power by the dominant company, as well as the collusion among the largest firms.
Publication Name: Agribusiness
Subject: Business
ISSN: 0742-4477
Year: 1998
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Supreme Court clarifies perimeters of state tax jurisdiction
Article Abstract:
The Supreme Court, in its 1991-1992 term, considered many state tax cases and its decisions help clarify the ability of states to tax corporations and what corporate income is taxable by the state. The standards used by the Court to determine whether state taxation was valid include: connections with the state for the corporation or taxed item, tax burdens on foreign or interstate commerce in comparison to local commerce and related activities that invalidate corporate insulation from net income taxation.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1992
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