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Frank Shafroth Columnist Frank Shafroth is the director of the Center for State and Local Leadership at George Mason University, where he is also an assistant professor, and is an adjunct professor in the Graduate School of Public Policy at George Washington University. He has served as the director of federal policy and intergovernmental relations for the Municipal Securities Rulemaking Board, was chief of staff for U.S. Rep. James Moran, was director of policy and federal relations for both the National Governors Association and the National League of Cities, and was assistant counsel for the U.S. Senate Banking Committee. He is a regular columnist for ....
To embed, copy and paste the code into your website or blog: While state taxing agencies generally take the high road, it is important to remember that when they do not, the courts can require them to do so. In Wisconsin Department of Revenue v. Deere and Company, No. 2020AP726, 2021 Wisc. App. LEXIS 74 (Wis. Ct. App. Feb. 25, 2021), the Wisconsin Court of Appeals held that Deere and Company (“Deere”) was permitted a dividends-received deduction for distributions received from a Luxembourg limited partnership that was treated as a corporation for federal tax purposes. What makes this case particularly significant is that, in doing so, the court ruled that the Department of Revenue (“Department”) was prohibited from arguing otherwise because such an argument was contrary to the Department’s then-existing published guidance. ....