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In yet another sign that applying monetary fines to corporations is nothing more than adding a “cost of doing business,” The New York Times reported Saturday that corporations routinely, not only pass on the cost of heavy regulatory fines to their shareholders and to consumers, they also write off the fines as corporate tax deductions.
http://www.nytimes.com/2013/01/13/business/paying-the-price-in-settlements-but-often-deducting-it.html

Post Author: David Mayes

Founder, Mayo615 Technology Partners Ltd., UBC adjunct faculty, Intel alumnus, technology assessment, international business, cleantech, fly fisherman, native Californian and citizen of France, who has been very fortunate to have traveled, lived and worked all over the globe. My wonderful wife, Isabelle has reintroduced me to my French Provençal heritage.

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