WASHINGTON -- Children know Geoffrey as the friendly giraffe at the Toys "R" Us store. State officials may come to know Geoffrey as a financial wizard who is able to fill their coffers with tax revenue.

But Geoffrey Inc., which holds and manages trademarks for Toys "R" Us and related properties, is asking the Supreme Court to limit the reach of state taxing powers, arguing that states should not be allowed to tax corporations that have no physical presence within their jurisdictions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.