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Ignoring the Economic Reality of Lease Termination Fees in Favor of an Illogical, Plain Meaning Interpretation: Comptroller v. Citicorp International Communications, Inc.

In Comptroller v. Citicorp International Communications, Inc., the Court of Appeals of Maryland held that a termination fee paid by a lessee to a lessor to terminate a computer equipment lease was not subject to sales tax. ...

Stephanie Lyerly

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