Thread regarding Staples Inc. layoffs

Staples LOSES again! WTG Sycamore~! $14 million tax bill for Staples Inc.

Nov. 4, 2019, 9:35 AM

The Supreme Court won’t hear a case on the extent of a state’s power to levy taxes on the income of an interstate business.

Staples Inc. and Staples the Office Superstore Inc. sought Supreme Court review after losing in court when challenging a tax bill from the state of Maryland. Neither conduct meaningful business in Maryland, but the state imposed taxes based “entirely on the operations of their affiliates,” they said in the petition for high court consideration.

The Maryland comptroller assessed a nearly $14 million tax bill for Staples Inc. and a $498,000 tax bill for the Superstore for the tax years 1994 through 2004, according to court documents. The Court of Special Appeals of Maryland upheld a state Tax Court ruling that affirmed the assessment.

The companies argued the comptroller’s assessment was based on a distorted calculation that violates the due process and commerce clauses of the U.S. Constitution, according to court documents.

“The present case illustrates the distortions that this sort of overreach produces,” the petition said.

Counsel for Staples didn’t immediately return a request for comment.

The case is Staples v. Comptroller, U.S., No. 19-119, 11/4/19.

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| 2161 views | | 5 replies (last November 13, 2019) | Reply
Post ID: @OP+11Rp5ten

5 replies (most recent on top)

$14 million is nothing for Sycamore, In that same period, Sycamore will pocket at least $131 million from the sale-and-leaseback of the Boston building that they got for free.

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Post ID: @9viq+11Rp5ten

God Sycamore got totally screwed by buying this turkey. 14 mil should just about cook that bird.

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Post ID: @4vly+11Rp5ten

so stupid and arrogant, the 14 mil is over 10 years, just pay it and shut the eff up, really the Supreme court?

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Post ID: @1oqx+11Rp5ten

https://news.bloombergtax.com/daily-tax-report/supreme-court-wont-hear-case-on-state-taxing-powers

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Post ID: @1alg+11Rp5ten

how many layoffs will pay for the 14 mil??

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Post ID: @yws+11Rp5ten

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