Eaton Corp and Subsidiaries v. CIR
Case Number:
21-1569
Court:
Nature of Suit:
Companies
Sectors & Industries:
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May 03, 2023
Eaton Says IRS Wrongly Lowered Dividend Income By $193M
The Internal Revenue Service improperly reduced the dividend income of a U.S. subsidiary of multinational power company Eaton by nearly $193 million in 2010, the company said in a U.S. Tax Court petition.
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December 19, 2022
Top International Tax Cases Of 2022
This year, courts weighed in on key transfer pricing topics, including a decision that confirmed the application of contract law to advance pricing agreements and another ruling that took a unique path in finding an arm’s-length division of intercompany profits. Here, Law360 breaks down major international tax decisions issued in 2022.
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August 25, 2022
6th Circ. Sides With Eaton Over Scrapped Pricing Agreements
The Internal Revenue Service didn't have grounds to back out of advance pricing agreements with Eaton Corp., a Sixth Circuit panel ruled Thursday, finding the power management company's miscalculations didn't warrant cancellation under related revenue procedures and contract law principles.
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July 21, 2022
6th Circ. Asks If Math Errors Merited Scrapping Eaton's APAs
A Sixth Circuit panel questioned the U.S. government Thursday about whether power management company Eaton Corp.'s miscalculations under advance pricing agreements warranted the Internal Revenue Service's decision to cancel the APAs, rather than to make corrections within them.
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May 09, 2022
Eaton Owes No Penalties On New Adjustments, 6th Circ. Told
The power management company Eaton Corp. urged the Sixth Circuit to uphold the U.S. Tax Court's conclusion that the company doesn't owe penalties on adjustments to miscalculations under advance pricing agreements, contending the IRS missed the window to assess them.