Hughes Justice Complex, Trenton, New Jersey. Richard Hughes Justice Complex, Trenton, New Jersey. In $56M Win for Johnson & Johnson, Justices Rein In Taxation of 'Captive' Insurance Companies
The issues in the case prompted two schools of thought on how to deal with ambiguity in the 2011 amendment to the tax code.
December 07, 2020 at 04:33 PM
4 minute read
By a 5-1 vote, the New Jersey Supreme Court has curbed the authority of the state Division of Taxation to collect taxes on Johnson & Johnson's fully owned insurance subsidiary.
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