Senators Seek To Close Tax Code's 'Settlement Loophole'

By Chuck Stanley · April 4, 2017, 6:49 PM EDT

U.S. Sens. Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, introduced a bipartisan bill Monday taking aim at the so-called "settlement loophole" that allows corporations to declare tax exemptions on out-of-court settlements...

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