Generally good news: the recent interpretation of manufacturing in Bausch & Lomb.: An article from: The Tax Adviser
Book Details
Author(s)Scott St. Clair, M.G. Peterson
PublisherAmerican Institute of CPA's
ISBN / ASINB00096L1KI
ISBN-13978B00096L1K8
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1996. The length of the article is 860 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The US Tax Court ruled in a memorandum decision that two subsidiaries of Bausch & Lomb were engaged in manufacturing activities as contemplated in IRC section 954, regarding foreign base company sales income. The plants bought sunglass parts from Bausch & Lomb, assembled them, and sold the sunglasses back to Bausch & Lomb. The Tax Court noted that the assembly process did require significant training and quality control standards were applied. The facts that manufacturing accounting techniques were used and that the industry considered this activity manufacturing also influenced the Court.
Citation Details
Title: Generally good news: the recent interpretation of manufacturing in Bausch & Lomb.
Author: Scott St. Clair
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1996
Publisher: American Institute of CPA's
Volume: 27 Issue: n7 Page: 408(2)
Distributed by Thomson Gale
From the supplier: The US Tax Court ruled in a memorandum decision that two subsidiaries of Bausch & Lomb were engaged in manufacturing activities as contemplated in IRC section 954, regarding foreign base company sales income. The plants bought sunglass parts from Bausch & Lomb, assembled them, and sold the sunglasses back to Bausch & Lomb. The Tax Court noted that the assembly process did require significant training and quality control standards were applied. The facts that manufacturing accounting techniques were used and that the industry considered this activity manufacturing also influenced the Court.
Citation Details
Title: Generally good news: the recent interpretation of manufacturing in Bausch & Lomb.
Author: Scott St. Clair
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1996
Publisher: American Institute of CPA's
Volume: 27 Issue: n7 Page: 408(2)
Distributed by Thomson Gale
