Supreme Court rejects businesses’ challenge to Michigan tax
WASHINGTON (AP) — The Supreme Court is rejecting challenges by IBM, Goodyear and other businesses seeking more than $1 billion in tax refunds from Michigan.
The justices on Monday turned away the companies’ appeal of state court rulings that upheld changes the state made to the way business taxes are assessed. The companies said they were being treated unfairly because the state retroactively changed its tax laws.
Gov. Rick Snyder signed a measure into law in 2014 that affected business taxes back to 2008. The law was upheld by a Michigan appeals court.
Jaffe partner to speak at MICPA conference on shareholder, member oppression litigation
R. Christopher Cataldo, partner at Jaffe Raitt Heuer & Weiss, will be speaking at the upcoming Michigan Association of Certified Public Accountants (MICPA) Anti-Fraud Issues or Litigation & Business Valuation or Mergers & Acquisitions Conference. Jaffe CEO William Sider made the announcement.
The conference takes place today at the Michigan State University Management Education Center in Troy. Cataldo will speak from 4:50-5:40 p.m at the Nite Owl session titled “Shareholder and Member Oppression Litigation — The Role of Business Valuation and the Determination of Fair Value.” The MICPA conference will feature CPAs and specialists in fraud detection and prevention, litigation support, business valuation, and mergers and acquisitions.
“I look forward to sharing my expertise on the role of valuation in shareholder oppression with the MICPA,” said Cataldo. “This session will help attendees understand how this type of legal action can adversely affect their clients and supply the tools they need to be prepared to tackle the issue.”
With more than 18,400 members, the MICPA is the leading statewide professional organization dedicated to promoting and enhancing the value of the CPA profession. The group represents Michigan CPAs working in business, education, government and public accounting.
A practitioner of litigation and privacy & datasecurity, Cataldo specializes in complex commercial litigation matters, including shareholder and partnership disputes, trade secret and copyright litigation, non-competition agreements, commercial transactions and general contract disputes. Cataldo also regularly provides advice and representation to a variety of public and privately held corporations and businesses, as well as individuals. He has extensive experience in federal and state courts, as well as arbitration and mediation proceedings.
Cataldo earned his bachelor’s degree from the University of Michigan and his juris doctor from Wayne State University Law School.
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