Senators Float Bill to End Tax Write-Offs for Corporate Fines

Sens. Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, introduced bipartisan legislation Monday to rescind tax write-offs for illegal corporate behavior. The Government Settlement Transparency & Reform Act, according to the senators, would close a loophole that has allowed some corporations to reap tax benefits from payments made to resolve allegations of illegal conduct. The bill also:…