When 'Gross' is Really Not 'Gross' And Other Anomalies.
Mondaq Business Briefing › Nbr. 2004, May 2004
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Franchise Tax Board
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When 'Gross' is Really Not 'Gross' And Other Anomalies.
In General Motors Corp. v. Franchise Tax Board, Case No. B165665 (June 30, 2004), the California Court of Appeals held that the Franchise Tax Board ("FTB") properly excluded returns of principal from certain sales of securities.
General Motors ("GM"), a Delaware corporation, maintains a "Tr...See the full content of this document
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