Category: Alan Feld

JPMorgan’s $13 Billion Fine Could Be Tax-Deductible. Exxon Mobil Did The Same After Valdez Oil Spill

International Business Times Alan Feld, School of Law JPMorgan Chase & Co.’s (NYSE:JPM) tentative $13 billion settlement with the Department of Justice may be tax-deductible if the Jamie Dimon-led bank succeeds in classifying the payments as “business expenses,” but there are specific tax codes that ban offsetting punitive measures against tax, which the bank would […]