Fishing Expedition?

The IRS claims that Nestle underpaid its research subsidiary, Westreco, in the years 1978 to 1982, thus understating Westreco's US earnings. However, a tax court judge has sided with Nestle, ruling that by using an attorney to audit Westreco, the IRS was fishing for evidence in the pending cour...

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Bibliographic Details
Published in:Forbes 1990-12, Vol.146 (13), p.100
Main Author: Glouchevitch, Philip
Format: Magazinearticle
Language:English
Subjects:
Auditing
Court decisions
State court decisions
Tax courts
Taxation
Online Access:Get full text
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Summary:The IRS claims that Nestle underpaid its research subsidiary, Westreco, in the years 1978 to 1982, thus understating Westreco's US earnings. However, a tax court judge has sided with Nestle, ruling that by using an attorney to audit Westreco, the IRS was fishing for evidence in the pending court case.
ISSN:0015-6914
2609-1445