Tax Ruling Exposes Company Data to More Scrutiny.

The article reports that the First Circuit Court of Appeals in Boston, Massachusetts handed down a ruling that allows the Internal Revenue Services (IRS) to access work papers of Textron Inc. It cites that the papers are created by the company while studying the tax implications of sale-in, lease-out (SILO) transactions. However, Textron refused to show the papers due to risks associated in it. Payson Peabody says that the opinion of the company reinforces the government to access the documents.