The slew of companies caught red-handed in this year of corporate sleaze face potentially colossal legal claims, but they may enjoy pleasant reprieves next year — huge tax breaks from Uncle Sam.
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The IRS’s conclusion: “The amounts paid by Taxpayer pursuant to the settlement are currently deductible.”
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“People are going to be upset when they hear companies can deduct these expenses,”

Companies that cooked books may be able write off fines