Tax Prof Amicus Brief, Altera Corp. v. Commissioner (9th Circuit)

Reuven Avi-Yonah (Michigan), Lily Batchelder (NYU), Joshua Blank (UC-Irvine), Noel Cunningham (NYU), Victor Fleischer (UC-Irvine), Ari Glogower (Ohio State), David Kamin (NYU), Mitchell Kane (NYU), Michael Knoll (Penn), Rebecca Kysar (Fordham), Leandra Lederman (Indiana), Zachary Liscow (Yale), Ruth Mason (Virginia), Susan Morse (Texas), Daniel Shaviro (NYU), Stephen Shay (Harvard), John Steines (NYU), David Super (Georgetown), Clinton Wallace (South Carolina) & Bret Wells (Houston), Ninth Circuit Supplemental Brief in Support of Respondent-Appellant Commissioner:

This amicus curiae brief in Altera Corporation v. Commissioner supports the government's position and the view of the majority in a 9th Circuit opinion issued on July 24, 2018 and later withdrawn.

Amici are tax law professors who conclude that the stock-based compensation cost sharing regulations at issue in this case are not arbitrary and capricious, but rather are consistent with the arm's length standard and are valid and reasonable under Section 482 of the Internal Revenue Code.