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Assessing Taxpayer Risks While Gillette Litigation Continues to Unfold

Friday, December 21, 2012
With a taxpayer victory in Gillette and facing $34 million in tax refunds to the Gillette taxpayers alone, it might seem reasonable for California to consider some form of retroactive legislation to avoid paying these refunds, especially in light of the U.S. Supreme Court having upheld retroactive tax legislation against due process challenge in United States v. Carlton. In this article, BNA takes a closer look at this and other unresolved issues following in the wake of the Gillette decision.

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