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Jim Lane

(11,175 posts)

4. The deductibility doesn't bother me.

Reply to Scuba (Original post)

Wed Nov 27, 2013, 09:47 AM

Nov 2013

A corporation should be taxed on its net income. Money that it forks over to pay a fine isn't part of its net income, any more than is money that UPS forks over to compensate someone who was hit by a negligently driven delivery truck.

The final point in the OP, about the failure to bring criminal charges, is spot on, though.

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