Tax partner Kat Gregor and tax associates Isabelle Farrar, Yulia Kirillova and Ningzhou Shen co-authored an article in Tax Notes Federal that examines how audit adjustments in the United States following litigation tied to Altera Corporation v. Commissioner could affect multinational corporations that have cost-sharing arrangements and file tax returns in multiple jurisdictions.
The four attorneys look closely at the landmark case to describe its implications as well as options for taxpayers subject to post-Altera audits who may be faced with the possibility of double taxation.