Indiana Tax Court Upholds Pharmacy Benefit Management Costs of Performance Approach
By EsqSocial Corporation 21/05/21
The Indiana Tax Court held that a “pharmacy benefit management company” sold services as opposed to tangible personal property for tax years 2011 through 2013. The company’s receipts were properly sourced as revenue from services under the income producing activity/costs of performance rule, which in this case meant that all receipts were sourced outside of Indiana....
By: McDermott Will & Emery