Altera’s Landmark Tax Fight Won’t Be Reheard by Ninth Circuit

A high-profile case from Intel-owned company Altera Corp. over taxes on assets shifted abroad won’t be reheard by the U.S. Court of Appeals for the Ninth Circuit.

Altera is fighting the Internal Revenue Service’s claims that the taxable income Altera reported to the IRS was more than $80 million too low from 2004 to 2007, before Intel acquired the company. The company had asked the Ninth Circuit to revisit its case after a three-judge panel ruled in June that the IRS was permitted to require Altera to include its employees’ stock option compensation in a cost-sharing arrangement with a foreign ...