When a Company Is Fined, Taxpayers Often Share the Punishment


Companies can often reduce punitive damages through a tax loophole that permits them to save millions of dollars by deducting the awards as an ordinary business expense.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s