Legal Opinion
International Paper Co. v. Taxation Division Director
New Jersey Tax Court
Decided April 26, 1990PublishedCited by 6 opinions
1Opinion of the Court
The opinion of the court was delivered by
LASSER, P.J.T.C.
Plaintiff, International Paper Company (“IP”), contests the Director’s denial of refund claims for corporation business tax paid for tax years 1981 and 1982. IP contends that two items of income are not properly includable in its “adjusted entire net income” because this income was not earned as part of IP’s unitary business. The items of income at issue are:
*151(1) the capital gain and interest income realized by IP on the sale of all of its stock ownership in Canadian International Paper Company (“CIP”); and(2) the capital gain income…
2Cases cited11 opinions
- Container Corp. of America v. Franchise Tax BoardSupreme Court of the United States · 1983
- Mobil Oil Corp. v. Commissioner of Taxes of Vt.Supreme Court of the United States · 1980
- Hans Rees' Sons, Inc. v. North Carolina Ex Rel. MaxwellSupreme Court of the United States · 1931
- Exxon Corp. v. Department of Revenue of Wis.Supreme Court of the United States · 1980
- ASARCO Inc. v. Idaho State Tax CommissionSupreme Court of the United States · 1982
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3Cited by6 opinions
- Central National-Gottesman, Inc. v. DirectorNew Jersey Tax Court · 1995
- Brunswick Corp. v. Director, Div. of TaxationSupreme Court of New Jersey · 1994
- American Home Products Corp. v. Director, Division of TaxationNew Jersey Tax Court · 1990
- Mobil Oil Corp. v. Director, Division of TaxationNew Jersey Tax Court · 1990
- International Paper Co. v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1991
1 more not listed; retrieve them via the Exa API.