A $111 million United Airlines tax bill stemming from the 1980's was overturned by the U.S. Tax Court. According to the court, United Airlines was entitled to deduct fringe benefits paid to its pilots and flight attendants from the years 1983, 1984, 1986 and 1987.
The Tax Court ruling affects the airline industry and other companies whose employee per diem rates are higher than the rate set by the government.
Kirkland & Ellis attorney, Todd Maynes, represented the airline.
This article appeared in its entirety in the July 14, 2001 edition of the Chicago Sun-Times.