This content is from: United States

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

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.

To access our market-driven intelligence please request a trial here.

Read this article – and more – for a 30 day period.


Are you already an ITR subscriber? Log in here

Instant access to all of our content. Membership Options | 30 Day Trial