Ryan Reports Texas Supreme Court Reverses Lower Courts on Sourcing of Receipts from Licensed Geophys

Ryan Reports Texas Supreme Court Reverses Lower Courts on Sourcing of Receipts from Licensed Geophysical and Seismic Data Ryan, a leading global tax services firm with the largest indirect tax practice in North America, today reported that in TGS-NOPEC Geophysical Company v. Susan Combs, the Supreme Court of Texas (“Court”) decided that fees for licenses to access proprietary seismic data were receipts from the sale of intangibles (data) rather than receipts from the use of a license. Dallas, TX (PRWEB) July 14, 2011 Ryan, a leading global tax services firm with the largest indirect tax p
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