Prof. Hickman Quoted by Bloomberg on Tax Court's Altera Decision

Professor Kristin Hickman was quoted in Bloomberg BNA’s Daily Tax Report about the future implications of the United States Tax Court’s decision in Altera Corporation & Subsidiaries v. Commissioner, 145 T.C. No. 3 (2015), in which the Tax Court invalidated Treasury regulations implementing Section 482 of the Internal Revenue Code as arbitrary and capricious under the Administrative Procedure Act and the Supreme Court's interpretation thereof in Motor Vehicle Mfrs. Ass'n of the U.S. v. State Farm Mut. Auto Ins. Co., 463 U.S. 29 (1983). Hickman predicted, "After Altera, many final and temporary Treasury regulations are likely to be susceptible to legal challenge under APA Section 706 and State Farm."