Mindy Herzfeld (Florida), SpaceX Speculation: Who Bears the Risk?, 191 Tax Notes Fed. 2235 (June 29, 2026)
But investors are presumably buying SpaceX shares on the expectation that the company will eventually become profitable. Assuming that happens, one question is how its business income might be taxed in the United States and elsewhere. Also of interest to the U.S. fisc is the extent to which other countries might seek to tax SpaceX on gross revenues rather than net income.
Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case
David Schultz & Michael Rapoport (Bloomberg Law): Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case
A panel of federal appellate judges were receptive to Coca-Cola Co.’s arguments that the IRS improperly allocated its foreign income in a case that could cost the soft drink company up to $20 billion.
“Extreme larks” get up naturally when some people have hardly gone to bed.
