EYEY

Israeli court favors Tax Authority's position on deemed sale of IP

|Tax Alerts, National/Federal Taxation, H ...|Israel
Israel

  • An Israeli district court ruled in favor of the Israeli Tax Authority (ITA), which claimed that Medtronic Ventor Technologies Ltd. (Medtronic Israel) sold its intellectual property (IP) to Medtronic Inc. and other group companies (the Group) shortly after its acquisition.
  • The court's ruling was based in part on the (i) retroactive effect of research and development services and license agreements s…

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