Legal precedent suggests that 'ordinary and necessary' expenses include punitive damages in lawsuits.
We are pleased to have reached a settlement of our dispute with Dominion Voting Systems. We acknowledge the Court's rulings finding certain claims about Dominion to be false.
Another thing the company may be hopeful about: the tax implications of a $787 million dollar settlement in a civil case in which the government was not a participant. As the media outlet The Leverthe following day, the settlement could"mean a tax break as large as $213 million" for Fox News Corporation:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate Armed Services Subcommittee Holds Hearing on UFO ReportsThe Senate Armed Services Subcommittee on Emerging Threats and Capabilities held a hearing Wednesday addressing reports of unidentified flying objects. See potential bias and similarities in coverage from FoxNews, ABC, and NewsNation:
Read more »
Florida Expands Limitations on Gender and Sexuality Lessons to All Grade-LevelsThe Florida Board of Education voted to expand limitations on lessons surrounding gender identity and sexual orientation to all grade levels. See potential bias and similarities in coverage from FoxNews, Forbes, and CNN:
Read more »
Dominon-Fox judge said Fox News spokesperson should 'be nicer'Judge privately said Fox News spokesperson should 'be nicer' after she 'ratted on other people' about courtroom conduct in Dominion case
Read more »
Fox Plans to Use Dominion Settlement as a Massive Tax Write-Off: ReportThe massive Fox News defamation settlement with Dominion may actually be a blessing in disguise for the network—which says it’s planning to use the payment to get a huge tax break that could save the company as much as $213 million, according to a report.
Read more »
Dominion: Settlement of $787 million reached with Fox News over false election claimsRecords released as part of the lawsuit showed Fox hosts and executives did not believe the claims by Trump’s allies but aired them anyway, in part to win back viewers.
Read more »