United States Eleventh Circuit

A lack of a tax-independent reason for a taxpayer to choose between different ways of financing the business does not necessarily mean that the taxpayer lacks a "business purpose" for the transaction.

Appellate Information

• Decided 06/20/2001
• Published 06/21/2001

Judges

• COX, Circuit Judge:, Before WILSON and COX, Circuit Judges, and RYSKAMP, District Judge.

Court

• United States Eleventh Circuit

Counsel

• For Appellant:
  
• Paul T. Friedman,James E. Merritt, Paul C. Flurn, Morrison & Foerster, LLP, San Francisco, CA, Shirley M. Hufstedler, Morrison & Foerster, LLP, Los Angeles, CA, Joel V. Williamson, Mayer, Brown & Platt, Chicago, IL, for Petitioner-Appellant., Peter H. Winslow, Schribner, Hall & Thompson, Washington, DC, for Alliance of American Insurers, Amicus Curiae.


• For Appellees:
  
• Andrea R. Tebbets, Richard Farber, U.S. Dept. of Justice, Tax Div., App. Section, Washington, DC, for Respondent-Appellee.