JPMorgan prompts Senators Reed and Grassley to introduce corporate settlement deductibility Bill

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JPMorgan prompts Senators Reed and Grassley to introduce corporate settlement deductibility Bill

Matthew Gilleard
November 13 2013
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US Senators Jack Reed and Charles Grassley have introduced legislation to close a loophole that allows companies to claim tax deductions on penalties and fines paid to the federal government after a JPMorgan Chase settlement highlighted the provision.

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