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Litigation

: Point of Law

Ending deductibility of punitive damages

By Walter Olson

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One of the Obama administration's tax proposals would end the deductibility of punitive damages, a step previously advanced in Congress without success. [Reuters] The conventionally offered reason for such a change is that punitive damages, like criminal fines, should convey...

Full post as published by Point of Law on May 19, 2009 (boomark / email).

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