“In a decision that could have implications for other companies in similar disputes with the IRS, the Tax Court said BMC owes taxes on a portion of its foreign profits brought into the United States under the 2004 tax break. In 2004, President George W. Bush signed into law a repatriation holiday that allowed multinational U.S. businesses to bring foreign profits into the United States at a 5.25 percent tax rate, rather than the then current 35 percent rate.  In 2005, BMC repatriated $717.2 million.  Analog Devices Inc, a Massachusetts-based circuit-maker, has a similar dispute over $26 million pending with the IRS.”

http://finance.yahoo.com/news/bmc-software-loses-13-million-215243449.html

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