It means they’ll be able to pay 23.5% of settlement or $4.7 billion.
But the rest of the $15.3 billion will still need to be paid by SOMEBODY.
“$15.3 billion of the settlement qualifies as a tax deduction”
That’s not “$15.3 billion of earnings will be tax deductable” but
rather that “$15.3 billion does not need to be paid at all”.
To anybody. Free money. Windfall.
They can stretch that $15.3 billion of tax deduction over the course of a few years as ordinary operating expenses too.—–