Could Claim Over $350 Million Tax Windfall for Justice Dept Settlement
Washington, DC–(ENEWSPF)–January 16, 2015. Standard & Poor’s (S&P), the bond-rating agency whose past practices have been tied to the mortgage crisis, is in negotiations with the U.S. Justice Department to settle allegations of civil fraud with a payout of over $1 billion. Unless the Justice Department specifically forbids it, the deal could allow S&P to claim the payment as a deductible business expense worth…
