Virginia Court Limits Addback Exception in 'Kohl's' Reissued Decision

Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States. (PRNewsFoto/Ryan)DALLAS, April 6, 2018 /PRNewswire/ -- The Virginia Supreme Court reissued its decision in Kohl's Department Stores, Inc. v. Virginia Department of Taxation,1 limiting the "subject to tax" exception to Virginia's intangible expense addback by deciding the state's ambiguity in favor of the...