Daimler Says California Double-Counts Income From Car Leases

Daimler North America Corp. is getting more time to convince the California Franchise Tax Board that it’s owed $37.5 million in tax refunds because its income from car leases in the state has been double-counted.

At the end of a public hearing Monday, the three-member board postponed making a decision for 45 days on Daimler’s request to deviate from the standard formula for apportioning its income to California compared with income in other US states. The board said it expected its staff to clearly request, and the company to clearly provide, more evidence about the disputed ...