2005

Foreign Sales Corporation Qualifies as Foreign Operating Company Under Minnesota Law

United States - Minnesota

The Minnesota Supreme Court held that Hutchinson Technology's foreign sales corporation also qualified as a foreign operating company under Minnesota law. The ruling required the state to pay refunds to Hutchinson Technology that were estimated to exceed $400 million. Faegre Baker Daniels represented Hutchinson Technology in this case. Hutchinson Technology, Inc. v. Commissioner of Revenue, 698 N.W.2d 1 (Minn. 2005)

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