Legal Opinion
General Mills, Inc. v. United States
Court of Appeals for the Eighth Circuit
Decided January 26, 2009No. 08-1638PublishedCited by 3 opinions
1Opinion of the Court
BENTON, Circuit Judge.
General Mills, Inc. (“GMI”) sued for refunds of corporate income tax. The district court granted GMI summary judgment. The government appeals. Having jurisdiction under 28 U.S.C. § 1291, this court reverses and remands.
I
GMI established three employee stock ownership plans (“ESOPs”). See 26 U.S.C. §§ 401(a), 401(k), 4975(e)(7). A single trust held the ESOPs’ assets, primarily GMI common stock. GMI contributed to the ESOPs for the benefit of participating employees. GMI claimed deductions for payments of principal and interest on the Trust’s purchase of GMI stock (financed…
2Cases cited7 opinions
- Snow v. CommissionerSupreme Court of the United States · 1974
- Bearden v. International Paper Co.Court of Appeals for the Eighth Circuit · 2008
- James Richard Huntsman and Zenith Annette Huntsman v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1990
- Boise Cascade Corporation v. United StatesCourt of Appeals for the Ninth Circuit · 2003
- North American Life and Casualty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1976
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Conopco, Inc. v. United StatesCourt of Appeals for the Third Circuit · 2009
- Nestlé Purina Petcare Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 2010
- Nestle Purina Petcare Co. v. CIRCourt of Appeals for the Eighth Circuit · 2010