3 Key Ways 3M’s Federal Appeals Court Win Impacts Multinational Taxes
Prague, Czech republic - May 22, 2017: 3M company logo on headquarters building on May 22, 2017 in Prague, Czech republic. 3M CEO Thulin will no longer be required to retire at 65.gettyOn October 1, the U.S. Court of Appeals reversed a prior U.S. Tax Court decision in the case of 3M Company & Subsidiaries v. Commissioner. This prior case pertained to a tax issue surrounding 3M’s blocked royalty income, which the IRS attempted to reallocate as U.S. income. However, the Eighth Circuit’s decision reverses that ...