The Iowa Supreme Court holds that KFC Corporation, fka Kentucky Fried Chicken, has nexus in Iowa for income tax purposes based on licenses of trademarks and trade names to independently-owned KFC franchises in Iowa.
Read the opinion here:
KFC Corp. v. Iowa Dept. of Revenue, No. 09-1032 (Dec. 30, 2010)
A unanimous United States Supreme Court (8-0) rules that medical residents are employees, not students, and therefore are subject to FICA withholding. Chevron deference applies to Treasury Regulations rather than the standard set forth in National Muffler.
Mayo Foundation v. United States, No. 09-837 (January 11, 2011)
The Delaware Supreme Court holds that PricewaterhouseCoopers LLP is not liable for malpractice or breach of contract in its role as the outside auditor of American International Group Inc. under the New York law doctrine of in pari delicto.
Teachers’ Retirement System of Louisiana v. PricewaterhouseCoopers