3 ms·

It's actually not quite like that. Payments of fines to governments are not deductible, neither for you or Goldman. Payments of compensation and restitution ar

• karmelapple 11y ago
  Interesting - I didn't know that, and I think the penalty levied here should have been levied as a fine, rather than compensations or restitution. Where did the legal precedent or IRS rule be set that restitution should be a deductible business expense? If you need to pay compensation or restitution, it means you did something you should not have done as decided by a judge/jury, so having it be treated more like a "penalty" seems prudent to me.