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Legal News

: The BLT: The Blog of Legal Times

Senate Moves To End Punitive Damages Tax Deduction

By Marcia Coyle

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Despite opposition from the business community, the Senate appears ready to eliminate the federal tax deduction for companies who pay punitive damages awards. The Senate on Wednesday, voting 60-37, approved an amendment to the American Jobs and Closing Tax Loopholes...

Full post as published by The BLT: The Blog of Legal Times on June 18, 2010 (boomark / email).

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