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The court's decision was based on the finding that Ventor had transferred its functions, assets, and risks (FAR) to its parent company, Medtronic Inc., in a manner that constituted a taxable sale. The ITA argued that...
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Medtronic’s Israeli Unit Hit with Massive $190M Tax Seizure Over IP Transfer Dispute The court's decision was based on the finding that Ventor had transferred its functions, assets, and risks (FAR) to its parent company, Medtronic Inc., in a manner that constituted a taxable sale. The ITA argued that... Read the full IIPLA article: https://iipla.org/news/medtronic-ip-transfer-tax-issue