Tuesday, July 6, 2010

Debate as to whether Senate should eliminate punitive damages tax deduction

A couple of weeks ago, the Blog of the Legal Times reported that, despite opposition from the business community, the Senate appears ready to eliminate the federal tax deduction for companies who pay punitive damages awards (here). Here are two articles arguing opposite positions on the issue: an Op-ed piece in the New York Times and a comment on the Drug and Device Law Blog

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