Maryland Taxes Trademark Holding Companies: Syl and Crown Cork & Seal (Delaware)

Posted: 26 Nov 2003

Abstract

The author says that the Maryland Court of Appeals' decision in SYL and Crown Cork & Seal Co. (Delaware), in which the court held that the Delaware holding companies were subject to Maryland income tax on an apportioned part of royalties, was correct. Such a tax will not be perceived by the U.S. Supreme Court as placing an undue burden on interstate commerce, the author writes.

Suggested Citation

Peters, James H., Maryland Taxes Trademark Holding Companies: Syl and Crown Cork & Seal (Delaware). Available at SSRN: https://ssrn.com/abstract=473301

James H. Peters (Contact Author)

Tax Analysts

State Tax Notes Advisory Board
6830 N. Fairfax Drive
Arlington, VA 22213
United States

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