Tax Court's Medtronic Method Violates Regs, US Tells 8th Circ.

By Anna Scott Farrell (December 15, 2023, 7:32 PM EST) -- The U.S. asked the Eighth Circuit on Friday to reject a transfer pricing method used by the U.S. Tax Court in a decision finding medical device company Medtronic Inc. underreported its income, saying the methodology violated Treasury regulations and still failed to accurately account for the company's income....

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