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The author says the U.S. Court of Federal Claims' treatment of goodwill inDeseret Management Corp. v. U.S., a domestic case between unrelated parties, highlights the challenges of isolating goodwill, a residual amount, from a group of other business assets. He also suggests that in cost sharing cases under pre-2007 regulations, foreign goodwill and going concern value may offer a way to close the “valuation gap” between the IRS and the taxpayer.
John Breen is counsel with Skadden, Arps, Slate, Meagher & Flom LLP in Washington, D.C.
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