PPL Corp. and Subsidiaries v. Commissioner of Internal Revenue
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|Case Term||OT 2012|
|Question Presented||Whether, in determining the creditability of a foreign tax, courts should employ a formalistic approach that looks solely at the form of the foreign tax statute and ignores how the tax actually operates, or should employ a substance-based approach that considers factors such as the practical operation and intended effect of the foreign tax.|
|Lower Court's Decision|
|Research for TWEN users
Outcome - Reverse
This case was decided on 20 May, 2013.