NJ Must Revisit Biz Tax Calculations For Toyota Leasing Arm

By Ama Sarfo ( August 5, 2014, 2:44 PM EDT) -- New Jersey's tax division must recalculate Toyota Motor Credit Corp.'s corporate business tax liabilities for the 2003-2006 tax years after a state tax court found multiple errors in how the state apportioned out-of-state income and handled depreciation gains, according to an opinion released Tuesday....

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