In a ruling involving two insurance company affiliates that sold an aircraft and software to a third-party finance company and then leased them back pursuant to written agreements, the Wisconsin Tax Appeals Commission held that based on the form of the agreements, such transactions constituted taxable sale-leasebacks rather than nontaxable refinancing agreements
Source Deloitte
Latest Posts in "United States"
- Managing a US Sales Tax Obligation – Your Need to Know Guide
- Indiana Rules AI Chatbot Access Not Subject to Sales Tax
- Rhode Island to Implement 7% Sales Tax on Short-Term Parking Starting October 1, 2025
- California Tax Appeals Office Denies Dental Practice’s Exemption from Sales Tax on Asset Sales
- New York Judge Rules Federal Universal Service Fund Fee Subject to State Sales Tax