Preserving Disgorgement Tax Deductibility In SEC Settlements

By David Petron, Nathan Clukey and Laura Barzilai (October 18, 2021, 5:51 PM EDT) -- Without any public announcement, the U.S. Securities and Exchange Commission appears to be implementing through recent enforcement settlements a new approach to disgorgement awards that can affect a settling party's ability to claim a tax deduction for amounts paid as disgorgement....

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