Chicago Tribune Quotes David Rosenbloom: IRS Battles Tech Companies Over 2004 Offshore Tax Holiday
H. David Rosenbloom was quoted by the Chicago Tribune regarding IRS disputes with two companies over a 2004 offshore tax holiday. In two separate cases, two technology firms challenge IRS demands that each company pay more taxes due to a tax holiday law Congress enacted nine years ago. For the complete article, please visit the Chicago Tribune's website.
Excerpt taken from the article.
Given the language of IRS rules for repatriation and transfer pricing, Analog does not "have much grounds for being surprised," by the IRS's tax bill, said David Rosenbloom, a tax lawyer at Caplin & Drysdale who has reviewed the documents.