A court ruled that Hewlett-Packard could not exclude income suchas dividends and interest when it calculates the research taxcredit, Reuters reports. The court case was HP's challenge of anIRS ruling that the company owed taxes related to the research taxcredit for the years from 1999 to 2003 because it had excluded suchincome.
|Court documents suggest the dispute involves tens of millions ofdollars.
|See the full story here.
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