The science and technology company asked the justices to overturn a 2024 tax court ruling that gross income from the company’s actions to manage the risks of fluctuating exchange rates shouldn’t be included in its total nationwide sales. The tax court upheld the state’s alternative apportionment method of including only EIDP’s net income from the transactions, which it said protect EIDP’s earnings but don’t serve an independent profit-earning purpose.
The justices ...
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