Tue, Mar 21, 2017
Asks For Review Of IRS Decision To Impose Excise Taxes On Flexjet
The National Air Transportation Association (NATA) filed a Friend of the Court brief in support of member company Bombardiers’ request the U.S. Supreme Court review a Fifth Circuit ruling upholding an IRS decision to apply federal transportation excise taxes to the management fees of its then fractional operation subsidiary, Flexjet.
The amicus brief, submitted on behalf of NATA by Lars Liebeler (Lars Liebeler, PC) and NATA Executive Vice President and General Counsel Timothy Obitts, outlines the regulatory overreach of the IRS, the conflict created by the Fifth Circuit’s ruling versus other federal courts in similar cases, and the related economic uncertainties the IRS’s varying interpretations is causing within the aviation industry.
The following is a statement by National Air Transportation Association President :
“We are pleased to take this important step today in support of Bombardier. NATA’s mission includes supporting our members in instances like these where the Executive Branch has exceeded its statutory authority and the federal courts have created legal interpretations that impact the entire industry," said NASA president Martin H. Hiller. "As Tim and Lars have noted in our filing, the statute the IRS has cited in support of its misguided and inconsistently applied policy is clearly only related to the movement of an aircraft and not its management.”
NATA hopes the Supreme Court will take up this case and rule in favor of Bombardier. By doing so, the Court will take a large step toward effecting rational tax policy, assisting in efforts to bring certainty to an issue that hangs over our member companies that provide aircraft management services,” Hiller said.
(Source: NATA news release. Image from file)
More News
Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]
Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]
“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]
How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]
Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]