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Howard P. Levine, Benjamin A. deLuna, Kim A. Palmerino, and
Robert F. Conte, for respondent.
Table of Contents
FINDINGS OF FACT . . . . . . . . . . . . . . . . . . . . . . 8
I. Background . . . . . . . . . . . . . . . . . . . . . . 9
II. Expansion to the United States ............ 11
A. Florida--Personnel and Pre-1986
Corporate Structure . . . . . . . . . . . . . . 11
B. California--Personnel and Pre-1986
Corporate Structure .............. 20
III. Continued Development ................ 25
IV. Contracts ...................... 28
V. Coopers & Lybrand Planning and
Petitioners' Documentation ............. 29
VI. Trademarks and Copyrights .............. 52
VII. Section 351 Transfers ................ 54
VIII. California and New Jersey Expansion ......... 59
A. California .................... 59
B. New Jersey .................... 60
C. C&L Advice .................... 61
IX. Dividends . . . . . . . . . . . . . . . . . . . . . . 64
X. Marketing Agreement . . . . . . . . . . . . . . . . . 66
XI. Commercial Paper ................... 67
XII. Royalty Transactions Relied Upon in
Federal Tax Returns ................ 74
XIII. Federal Tax Returns . . . . . . . . . . . . . . . . . 75
A. MTNV/MSI ..................... 75
B. MANV/MDT ..................... 78
C. Eurotor ..................... 80
XIV. Certified Audit ................... 80
XV. IRS Audit ...................... 81
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Last modified: May 25, 2011