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Owens Corning Can't Cut $2B Asbestos Payout From Taxes

By Jess Krochtengel (April 5, 2017, 5:04 PM EDT) -- Manufacturer Owens Corning can't deduct from its business taxes a $2.2 billion payment made as part of an asbestos product liability settlement, a Texas appellate court held Wednesday, rejecting an argument that the settlement could be treated as part of the cost of quality control....

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