LATEST SUMMARIES
CORPORATION & ENTERPRISE LAW, TAX LAW
FleetBoston
Fin. Corp. v. US, No. 06-5032
A judgment finding
that corporate taxpayer had to pay interest on the full extent of
certain deficiencies is affirmed where the trial court correctly
concluded that an amount of tax is "paid" within the meaning of 26
U.S.C. section 6601(a) only by funds in the taxpayer's account for
that tax year, and that the interest attributable to the
underpayments resulting from credit elects for 1984 and 1985 was
properly calculated for each taxable year from the March 15 due
dates for the succeeding years' income taxes. Read
more...
FOOD & BEVERAGES, INTERNATIONAL LAW, INTERNATIONAL TRADE,
TAX LAW
Crawfish
Processors Alliance v. US, No. 2006-1501
In an
appeal involving an Antidumping Duty Order imposed against
freshwater crawfish tail meat imported from China, a scope ruling
that crawfish etouffee is not included within the scope of the order
is affirmed as substantial evidence supported the determination
because the essential character of the crawfish tail meat in
etouffee was altered or "substantially transformed" by its
preparation process. Read
more...
