Eaton Corp and Subsidiaries v. CIR

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Case overview

Case Number:

21-2674

Court:

Appellate - 6th Circuit

Nature of Suit:

Tax Court 

Companies

Sectors & Industries:

  1. 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.

  2. 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.

  3. 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.