Baxter International, Inc. v. State

These consolidated appeals involve the plaintiffs’, Baxter International, Inc. and Baxter Travenol Laboratories, Inc., challenges to their business profits tax assessments for the tax years 1982 through 1985. The plaintiffs argue that the Superior Court (McGuire, J.) erred in granting the State’s motion to dismiss. We affirm.

The plaintiffs filed business profits tax returns reporting their taxable income under the “separate entity” method, which treats each corporate entity discretely for the purpose of determining tax liability. Following audits by the New Hampshire Department of Revenue…