Tax Law Still Leaves Room for Companies to Write Off Settlements
from Bloomberg BNA
The Justice Department's $20.8 billion settlement with a BP PLC subsidiary over the Deepwater Horizon oil spill raised some eyebrows. The oil giant could write $15.3 billion off its taxable income, the U.S. Public Interest Research Group, a watchdog organization, said at the time of the 2015 deal.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063