3 ms·

Is that $5B fine deductable from taxes?

• criddell 7y ago
  That would make a $500 million dollar difference so in the end, it doesn't really matter.
  • djakjxnanjak 7y ago
    I love it. Everyone’s claiming a $5 billion fine is insignificant, so there’s no room to argue the tax savings from writing it off is meaningful.
    • criddell 7y ago
      I think it's true though. In part it's because the fine is small but the bigger part is their tax rate is absurdly low.
• formercoder 7y ago
  It's on the income statement. So, generally, yes.