[DOWNLOAD] "Transamerica Financial Corporation v." by Supreme Court of Wisconsin * eBook PDF Kindle ePub Free
eBook details
- Title: Transamerica Financial Corporation v.
- Author : Supreme Court of Wisconsin
- Release Date : January 31, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
These appeals are by the Wisconsin Department of Revenue (hereinafter department) from the whole of two judgments rendered by the circuit court for Dane county. The first judgment reversed a decision and order of the Wisconsin tax appeals commission (hereinafter commission), with a remand to the commission for further proceedings according to law. The second judgment enjoined the department from enforcing 7 Wisconsin Adm. Code, sec. tax 2.43, Aug., 1960, Register No. 56, with respect to Transamerica Financial Corporation, with direction to the department to promulgate a rule establishing a fair apportionment formula for finance companies. Transamerica has petitioned for a review of that portion of the first judgment which remands the case for further proceedings and of that part of the second judgment which directs the department to establish a fair apportionment formula for finance companies. The question involved in these two cases concerns the proper apportionment of income for a corporation doing business in several states. Pacific Finance Corporation was merged into Transamerica Financial Corporation. Pacific Finance Corporation was, and Transamerica Financial Corporation is, a Delaware corporation, with its principal place of business in Los Angeles, California. Both the department and Transamerica agree that as a result of this merger, Transamerica now stands in the position of Pacific, and therefore no distinction will be made between the two corporations, hereinafter referred to as the taxpayer.