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.
Corporate Fines Are Nothing More Than Tax Deductions
Tags: Bank of America, Barclay's, Business, business ethics, corporate fraud, corporate governance, corporate strategy, Corporate tax, corporate taxation, Corporation, derivates, featured, Income tax, leadership, LIBOR, management, New York, New York Times, sub-prime mortgages, Tax, UBS, United States
Founder, Global Internet Group, UBC adjunct faculty, Intel alumni, technology assessment, international business, clean tech, 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 Provencal heritage.
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