10th Circ. Judges Skeptical Of Bats’ $9M Software Deduction

By Theresa Schliep (May 19, 2023, 6:00 PM EDT) — Two Tenth Circuit judges seemed skeptical during oral arguments of Bats Global Markets’ $9.1 million in claimed domestic production activity deductions on billions in customer fees, suggesting its pricing structure could undermine arguments that it qualified for the tax break by providing access to software….

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